Re: [Pen-l] Stiglitz: worst crisis in 80 years

[Doyle Saylor <doylesaylor@xxxxxxx>]

Greetings Economists,
On Oct 21, 2008, at 8:35 AM, Jim Devine wrote:

> I wish. But the market fundamentalists can claim that the problem was
> that we didn't go far enough down their primrose path. I bet someone
> is saying: the problem is that we didn't go over to the gold
> standard...

Doyle;
Stiglitz implies that neo-liberalism is dead, not that market  
fundamentalist have changed their minds.  I think that can be and will  
be argued over for awhile until events prove a reformist era has taken  
hold.

I do not think there is any chance of a reversion to market orthodoxy  
will happen anytime soon.  The right will by necessity pull back and  
come up with a different sort of stance to globalist ambitions of the  
U.S.  The defeat of the reformist might be some of their aim.  But  
they would not use market orthodoxy in their campaigns.  No do I think  
the reformist are invulnerable.  What I do think is U.S. power is  
vulnerable and the right will shift.
thanks,
Doyle Saylor
_______________________________________________
pen-l mailing list
pen-l@xxxxxxxxxxxxxxxxxx
https://lists.csuchico.edu/mailman/listinfo/pen-l