Neoliberalism needs a rethink, not extinction

Austrian-British economist Friedrich Hayek is considered the father of neoliberalism. American Milton Friedman worked to promote Hayek's ideas to politicians. Both won the Nobel Prize for economics. (Image: Bloomberg)

Bloomberg

Sun, 11 Jun 2023

By Adrian Wooldridge“Neoliberalism” is fast becoming the ideology that dares not speak its name. Thirty years ago, members of the global elite sang lustily from the same neoliberal hymn book: prefer the market to the state, embrace free movement of capital and goods, let business be business. Today, even the International Monetary Fund, the Vatican of the creed, pronounces it passé. On April 27, US National Security Adviser Jake Sullivan delivered a speech that might well have been titled “the era of neolibera...

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