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2019-12-23

The End of Neoliberalism and the Rebirth of History Stiglitz

The simultaneous waning of confidence in neoliberalism and in democracy is no coincidence or mere correlation. 

Neoliberalism has undermined democracy for 40 years.

As wages stagnated and the stock market soared, income and wealth flowed up, rather than trickling down.

The reality is that, despite its name, the era of neoliberalism was far from liberal. It imposed an intellectual orthodoxy whose guardians were utterly intolerant of dissent.

Joseph  Stiglitz Project Syndicate 4 November 2019


Joseph E. Stiglitz

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