An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Monday, December 5, 2011
Euro Crisis, Neo-Liberalism and Undoing the Welfare State
Gerry Epstein: German elite profited from the Euro Zone, now wants to use crisis to undo welfare state and privatize
Epstein could also have added the same about the Democratic Party in the US, whose neoliberal tendencies seem to be dominating its Keynesian ones in this administration and often in Congress, too.
The to austerity by supposedly elft-leaning governments affects the US and many countries in the EZ, and as well as the coalition government of the UK.
Thanks for posting that Tom. Epstein says this: the European socialist parties need to stop acting like neoliberal parties.
ReplyDeleteEpstein could also have added the same about the Democratic Party in the US, whose neoliberal tendencies seem to be dominating its Keynesian ones in this administration and often in Congress, too.
ReplyDeleteThe to austerity by supposedly elft-leaning governments affects the US and many countries in the EZ, and as well as the coalition government of the UK.