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Neoliberalism: Failed Ideology, But Still Alive and Kicking
More
than an economic doctrine, neoliberal thinking is an ideology
that expresses the essence of the extreme right wing bourgeois
in contemporary capitalism, according to current renowned
figures.
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Marcos
Álvarez Arguija, Econonomist |
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Emerging in the 1980´s, officially proclaimed
in the Santa Fe Document, it
has become the ideological banner of the new US right wing
which has
imposed its hegemony in the world and even strengthened
after the
disappearance of the socialist community.
Associated to the most extreme practices of capitalism,
neoliberalism was
experimented with the Pinochet regime in Chile and praised
by its most
genuine expression of market economy which is, according to
the US, is the
ideal model for the world.
The economic outcome of the failed neoliberal thinking is
well known among
the international community leading to the most profound
post war economic
crisis whose recovery is still uncertain.
The majority of the dispossessed has carried a load on their
shoulders of
the unequal distribution of earnings obtained despite
macroeconomic
figures exhibited by neoliberal growth.
Its major merit has been the deregulation of the markets
making the
appearance of the so called financial bubble possible which
is growing
uncontrollable alongside the speculation surpassing the real
economy.
Limitless enrichment of the great capital and an increase of
poverty and
bankruptcy of institutions and governments...have not been
enough to
declare the failure of the economic doctrine but not the end
of the
neoliberal ideology.
The people that defend this way of thinking are not only
alive, but
exercise enough influence in the mechanisms of power of the
main imperial
powers and drag along with them the failed marginalized
politicians who
have seen their aspirations frustrated.
In the recovery recipes aimed at getting out of the crisis
of the main
capitalist economies, neoliberal issues are filtered with
privatization
ideas and exonerate the State of all social commitments in
addition to
public policies.
Behind the reduction of budget deficits, and the fixation of
the ceiling
debt, a way out is hidden in the path of neoliberal economy;
the followers
of the ideology have not disappeared and the current state
in the
development of capitalism can benefit from it.
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