Thursday 5 February 2009

The End of Neoliberalism

From the Old (i.e., Real) Right, Martin Kelly writes:

"We are living through one of those once-in-a-generation events, like the rise and fall of fascism, or the rise and fall of Keynesianism. This is the stuff, the bones and sinews, of what history is made of. We are seeing the end of neoliberalism."

And from the Old (i.e., Real) Left, Peter Wilby writes:

"Financialisation is now unravelling, with the state striving desperately to shore it up. With financial institutions facing bankruptcy and credit markets frozen, it can no longer deliver prosperity - or the illusion of it - to the masses. Ruination, which capitalism so regularly visited on the Victorian middle classes and which was portrayed so often in the fiction of the period, threatens to envelop millions. The promises of neoliberalism are revealed for what they were: a sham. An ideology that seduced most of the population is broken. The psychic and political consequences are incalculable."

Let joy be unconfined.

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