The Failure of Neo-liberalism
LANCASTER, England:
More and more, it appears that in the 21st century we are returning to the economics of the 19th, where wealth was overwhelmingly concentrated in the hands of a few owners and astute speculators.
Neither the Right nor the Left seem capable of creating a society in which all benefit from increased prosperity and economic security.
Right-wing claims that free markets will enrich all sections of society are palpably false, while the traditional European welfare state appears to penalize innovation and wealth-creation, thereby locking the poor and unskilled into institutionalized poverty and unemployment. (more…)
