Robert Hunziker - The Neoliberal Hoax
March 26, 2012 Neoliberalism is the most powerful force in economic history; like a black hole in deep outer space, it consumes everything.
The great prophets of neoliberal economic policies like Milton Friedman claim economic freedom is a necessary condition for political freedom, but world events are not cooperating. In fact, neoliberalism may be a better door opener for totalitarian impulses than for democratic spirits.
As a matter of fact, it appears neoliberalism is a breeding ground for totalitarian tendencies, not free will and democracy. Nevertheless, the world community has embraced neoliberalism with gusto. There are examples, like Hong Kong (one of Friedman’s favorites), where economic behavior has proven quite extraordinary, especially for the top 10%-20%, but a United Nations Development Report ranks Hong Kong number one amongst the world’s most developed economies for income inequality, which continues to widen and grow. HK is ruled with an iron fist by a Chief Executive (Sir Donald Tsang), who is not popularly elected… not exactly Friedman’s formula for economic freedom opening the door to political freedom.
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