Economic Stagnation and its Mastery by Markus Marterbauer

Corporate profits explode while investments stagnate. Public housing declines with privatization. According to neoliberal theory, higher profits lead to greater investments and more jobs. In truth, higher profits lead to greater use of tax havens, companies buying back their own stock, and more speculation on currencies. The state should represent the public interest and yet special interests or private interests are often in the driver’s seat with deregulation, privatization, and liberalized markets. The state becomes the “errand boy for the banks” (cf. Bill Moyers).

This entry was posted in Neoliberalism, trickle-down economics. Bookmark the permalink.

Leave a Reply