Reed Hundt* – Boston Review Ben Bernanke, Timothy Geithner, and Henry Paulson still have not reckoned with the failures of neoliberal planning in the wake of the financial crisis More than a decade after the financial crises of 2008, the shortcomings of the government’s response…
By Anis Chowdhury and Jomo Kwame Sundaram (*) SYDNEY and KUALA LUMPUR, Feb 18 2020 (IPS) – In an annual ritual early in the year, most major economic organizations have released forecasts for the global economy in 2020. Incredibly, almost as a reminder of where financial…
By Mark Joseph*- Newsweek “America will never be a socialist country,” President Donald Trump declared at last year’s State of the Union address. But at least 51 percent of Americans aged 18 to 29 have a favorable view of socialism.
By Jomo Kwame Sundaram and Michael Lim Mah Hui (*) KUALA LUMPUR and PENANG, Feb 4 2020 (IPS) – Financialization has worsened inequality through various channels, including macroeconomic policies. For example, quantitative easing and low, if not negative interest rates have…
By Conor Lynch * – Truthdig Few thinkers are more deserving of criticism than Milton Friedman. Not only was he the late 20th century’s leading proponent of unfettered capitalism, he served as one of the intellectual fathers of the neoliberal ideology that has been so…
Mike Konczal – Roosevelt Institute SUMMARY: INTRODUCTION Over the past several decades, an empirical revolution in economics has undermined many of the assumptions of the reigning approach to economic policy, which we refer to here as “neoliberalism.” This issue…
Editorial The climate crisis and social unrest could finally force corporate leaders to think beyond the profit motive When Klaus Schwab founded the World Economic Forum in an Alpine ski resort in 1971, he wasn’t to know that the 30-year postwar boom was on its last legs. The…
Annette Zimmermann, Elena Di Rosa, Hochan Kim – Boston Review We need greater democratic oversight of AI not just from developers and designers, but from all members of society. A great deal of recent public debate about artificial intelligence has been driven by apocalyptic…
By Aparna Gopalan* – The Nation The 2019 Nobel Prize winners in economics represent a new strain of neoliberal thought. In 1974, the neoliberal Austrian economist Friedrich Hayek was awarded the newly instituted Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred…
By Anis Chowdhury * and Jomo Kwame Sundaram** SYDNEY and KUALA LUMPUR, Jan 7 2020 (IPS) – The latest November 2019 UBS/PwC Billionaires Report counted 2,101 billionaires globally, or 589 more than five years before. Earlier, Farhad Manjoo had seriously recommended…
