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Neoliberalism's policies are bankrupt, but its political power is flourishing.

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It isn't a question of whether a country would be better off with planned economy or a market economy, there's going to be some mixture for the foreseeable future. The question is what kind of mixture? Who is writing the rules? And whether those rules are - as some of the presidential candidates say - rigged against the majority of people.

Economist Mark Weisbrot explains why governments keep pushing neoliberal policies, despite (or because) of their failures across the globe, and examines the ways control over economies have been wrested from the democratic process - from multinational trade deals that expand and enforce corporate influence over more areas of our lives, to the European Union's maintenance of a permanent state of crisis that holds citizens hostage to policies outside their influence.

Mark is author of Failed: What the "Experts" Got Wrong about the Global Economy from Oxford University Press.

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Mark Weisbrot

Mark Weisbrot is co-director of the Center for Economic and Policy Research.

 

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