RE: [Pen-l] end of an era

["Trevor Evans" <evans@xxxxxxxxxxxxx>]

The view that the neoliberal era has ended is shared by a number of
commentators: 

'Remember Friday March 14 2008: it was the day the dream of global
free-market capitalism died. For three decades we have moved towards
market-driven financial systems. By its decision to rescue Bear Stearns, the
Federal Reserve, the institution responsible for monetary policy in the US,
chief protagonist of free-market capitalism, declared this era over .
Deregulation has reached its limits.'

Martin Wolf, Financial Times, 26 March 2008 


And in today's FT, Chrystia Freeland, writes: 'On September 15 2008 the
Reagan era officially came to an end. The sunny confidence in the
superiority of the American way has been undermined now not only Guantanomo
and Abu Ghraib but also by the fact that this financial crisis has its
epicdentre on Wall Street, not Moscaow, Mexico or Mumbai. ... The focus no
will be on making governmetn better and probably bigger.'


Trevor Evans
Berlin.


-----Original Message-----
From: pen-l-bounces@xxxxxxxxxxxxxxxxxx
[mailto:pen-l-bounces@xxxxxxxxxxxxxxxxxx] On Behalf Of Chris Burford
Sent: 20 September 2008 11:34
To: Progressive Economics
Subject: [Pen-l] end of an era

Last night, on BBC2's Newsnight programme, Paul Krugman, if I heard him 
right, said
that the era of Reagan and Thatcher had just ended.

It was a televisison soundbite, in a quick moving conversation. But 
presumably he believes this in a serious way.

Chris Burford
London 

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