The Death Of Neo-Liberalism

 

 

 

Summarized and condensed from various newspapers, and media outlets.

 

 

 

Mr. Rudds paper entitled Howards Brutopia is essentially an ideological spin on the current economic crises. He rambles on about previous world leaders, such as Margaret Thatcher, Reagan and previous Chairman of The Federal Reserve, Alan Greenspan are to blame for the current economic crisis. He argues that their policies were instrumental in the formation of the western free-market.

 

 

 

Some argue that, this paper is merely a political weapon against his right-wing opponents. Rudd outlines Howards legacy and previous American Presidents policies, and Washingtons fixation on the laissez-faire economic system.

 

 

 

Kevin Rudd discusses using state powers to save capitalism from itself. His aim is to hold liberal ideologies and government policies responsible for todays economic catastrophe.

 

 

 

Rudd declares the current crisis "is the culmination of a 30-year domination of economic policy by a free-market ideology that has been variously called neo-liberalism, economic liberalism, economic fundamentalism, Thatcherism or the Washington consensus".

 

 

 

He says this philosophy was anti-tax, anti-regulation, anti-government. It believed in unregulated financial markets, self-correcting markets, complete labour market deregulation and opposed investment in public goods.

 

 

 

In his view, social democrats must use essentially autonomous powers to regulate markets, centralize them and strike a better balance between public and private interests, embrace Keynesian economics, correct for market failure from the financial system to climate change and invest more in education, health, unemployment insurance and retirement incomes.

 

 

 

In 25 words or less: Condemning previous liberal ideaologies, blaming open markets for current economic situation. Solution is to turn to Democrats and institutionalize a market regulation and governance through education, health and environment.

 

 

 

Your views needed.

 

 

 

Yes, I do realize this is Australian Politics, however this is a global ideaology.

Heil Fuhrer.I dislike what has come of capitalism,though admittedly,my only example to quote has left his seat of power.So I will look more into it when I'm not lazy.

Its always good when your thesis supports giving your party political power :roll:

 

 

 

Why does this genuinly remind me of Hitler? I think its something about the we are screwed but if you give me power I make it better mentality

This is Australia's Prime Minister Kevin Rudd by the way.

Just to expand on what I said earlier

 

 

 

first, Im not saying the Australian prime minister is like Hitler, just that hes using a similair tactic to push his plans(which are obviously not evil)

 

 

 

Im not suggesting that a nonregulated economy is a good thing. The problem I have is the suggestion that putting government in charge of everything is somehow going to make the economy run better. Excuse the cliche, but if anyone is familair with the "bridge to nowhere" its a good symbol of how government handling money can turn out badly(that was pork in a bill but I think its relevant). A better example would be the recent stimulus packages in America that have managed to take tons of tax payer money and accomplish very little with it. I think we can all agree that money could have done equally as well given as checks to each American, and that it definetely could have been used better then it was by the government. I really hate the mentality that capitalism somehow causes problems, I think you will always have economic "crime" and corruption regardless of the system. What I like about a capitalist system is that you can include regulation to curb corruption while encouraging people to think of ways to make money. If theres no problem with being rich you will always have people that find ingenious business models that end up helping everyone. A pure capitalist system is of course a bad idea and will be horribly corrupt, but at least with limited capitalism working towards a goal of improvement is the ideal.