Neoliberalism or New Freedom for Corporations
by Elrich Spangenberger, 2010
“The interests of merchants always differ from public interests. As a rule, they are interested in deceiving and misusing the general public” (Adam Smith). Keynes established that the market alone cannot ensure prosperity for everyone. A redistribution of income from top to bottom and regulatory state action are necessary.
Milton Friedman was a supply fanatic and wanted to reduce state influence on the economy.
Public policy means compromise and negotiations and isn’t a sledgehammer slashing everything but the military.
Here’s a link to Robert Pollin’s “Misleading Unemployment Numbers” on truth-out.org, June 2018