The Derailing of Social Democracy
Submitted on June 29, 2011
By Ignacio Ramonet - Znet
The massive conversion to free market economics and neo-liberal globalisation, the renunciation of any defence of the welfare state and the public sector, the new alliance with financial capital and banking have all stripped social democracy of the primary features of its identity. Every day people find it harder to tell the difference between "leftist" and "rightist" policies since both do the bidding of the financial bosses of the world.
