Re: Re: Re: Re: Re: Re: Re: Re: Keeping focus after the WTO

[Brad De Long <delong@xxxxxxxxxxxxxxxxx>]

> This confirms my hunch.  What has underpinned the rise of neoliberalism in
> intellectual circles is not so much faith in the market, or the belief that
> market failure is not significant, but the conviction that political failure
> is even more debilitating.  To put it differently, neoliberalism fills up the
> vacuum left by the disappearance of political idealism--the belief in the
> feasibility and power of democratic collective action.
>
> Peter

Yes. There is a strong sense in which neoliberalism as we know it
today is a counsel of despair (which is, I think, a reason that
economists of optimistic temperament--Joe Stiglitz, Dani Rodrik--do
not counsel it).


Brad DeLong