Neoliberalism: The Failed Experiment | Economics Channel

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The neoliberal experiment, the reduction of taxes on the rich, the deregulation of labour and product markets, financialization and globalization, has been an incredible failure. Growth is lower than in the first four decades after World War II, and most of it has matured at the top of the income scale.

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Source:
“People, Power and Profits: Progressive Capitalism for an Age of Discontent”, Joseph E. Stiglitz.
“End This Depression Now!”, Paul Krugman.
“The Great Transformation”, Karl Polanyi

#neoliberalism #capitalism #economics