Posted on May 7, 2024
Neoliberal economics: The road to freedom or authoritarianism?
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https://www.npr.org/sections/money/2024/05/07/ [login to see] /neoliberal-economics-the-road-to-freedom-or-authoritarianism
Like in the 1930s, when Hayek began working on his book, populism is now exploding around the world. And Stiglitz fears some countries may be careening towards "a 21st century version of fascism." But contrary to the classic argument made by Hayek, Stiglitz says, this rise in authoritarianism "comes not in the countries where the government is doing too much, but where the government is doing too little to protect individuals against unemployment, the stresses of adaptation to globalization, to technical change, to the stresses of migration."
Like in the 1930s, when Hayek began working on his book, populism is now exploding around the world. And Stiglitz fears some countries may be careening towards "a 21st century version of fascism." But contrary to the classic argument made by Hayek, Stiglitz says, this rise in authoritarianism "comes not in the countries where the government is doing too much, but where the government is doing too little to protect individuals against unemployment, the stresses of adaptation to globalization, to technical change, to the stresses of migration."
Neoliberal economics: The road to freedom or authoritarianism?
Posted from npr.org
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Economics
Fascism
Posted 12 d ago
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PO1 William "Chip" Nagel "But," Stiglitz continued, "when I read, say, Marco Rubio's views about industrial policy, I sometimes think he may have cribbed it from some of the things that I've written," he says with a laugh.
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