Re: [Pen-l] end of an era

["Jim Devine" <jdevine03@xxxxxxxxx>]

Like the Terminator, they'll be back! after all, the US S&L crisis
didn't end Reaganism. Nor did the 2000-2001 "dot com" melt-down...

On Sat, Sep 20, 2008 at 3:29 AM, Trevor Evans <evans@xxxxxxxxxxxxx> wrote:
> 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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-- 
Jim Devine / "Nobody told me there'd be days like these / Strange days
indeed -- most peculiar, mama." -- JL.
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