Monday, 22 September 2008

Market turnaround

Exactly. Doesn't this prove the failure of neoliberalism? After people's equity was traded away on the stockmarket as though it were a private casino, the system fell over. And so the government stepped in with a generous rescue package, which was gratefully received by the financial sector. Evidently the economy is not some giant self-regulating system afterall. What will the self-styled "anarcho capitalists" have to say about this?

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