The End of Neoliberalism and the Rebirth of History by Joseph E. Stiglitz – Project Syndicate

The End of Neoliberalism and the Rebirth of History by Joseph E. Stiglitz – Project Syndicate:

The End of Neoliberalism and the Rebirth of History
Nov 4, 2019. For 40 years, elites in rich and poor countries alike promised that neoliberal policies would lead to faster economic growth, and that the benefits would trickle down so that everyone, including the poorest, would be better off. Now that the evidence is in, is it any wonder that trust in elites and confidence in democracy have plummeted? At the end of the Cold War, political scientist Francis Fukuyama wrote a celebrated essay called “The End of History?” Communism’s collapse, he argued, would clear the last obstacle separating the entire world from its destiny of liberal democracy and market economies. Many people agreed.

Doubtful though. More likely, just the opposite.