Is Capitalism Preparing to Bury Itself?
Submitted on October 2, 2011
By MURRAY DOBBIN - Counterpunch Weekend Edition
The Washington Consensus — the name given to neo-liberalism and its agenda of privatization, deregulation, free trade, cuts to social spending and huge tax cuts for the wealthy — was not just a call to moderate state intervention in the economy. It was determined to gut it, to return to that period where the economy...was somehow hived off from society and government and allowed to run without regulation or direction...It was a sort of revenge of the nerds — we’ll show those uppity workers.
