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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.


Marcos Álvarez Arguija, Econonomist

 


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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