The Confusion of the Crisis Makers

Graeme Snooks

Chapter 7 in The Global Crisis Makers, 2000, pp 113-130 from Palgrave Macmillan

Abstract: Abstract The crisis makers are convinced they are making a difference to global prosperity and liberty. And of course they are. But not in the way they believe. My point is that the world would be in much better shape today in the absence of neoliberal economic experts. Remember that they have exerted a systematic influence over government policy only since the mid-twentieth century. For the preceding eleven millennia human civilisation managed to survive quite well without them. Neoliberalism, in other words, is an unprecedented experiment undertaken only by Western civilisation in its mature phase. And as I show, it is an experiment that has failed.

Keywords: Monetary Policy; Central Bank; Real Wage; Commodity Price; Great Depression (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-333-97798-9_8

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DOI: 10.1057/9780333977989_8

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