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View Diary: Fukuyama: Democrats Drank the Neoliberal Kool Aid, Wall Street Seduced Economists (237 comments)

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  •  If "failed" means in slower total growth (0+ / 0-)

    ...then I agree. Keep in mind however that many will claim that the growth slowdown is entirely due to other factors. It is quite likely that other factors have been partly responsible and so this claim is not as easy to refute as one might think.

    There is also the separate issue that few people, including me, are totally concerned about growth and nothing else. Many conservatives are willing to sacrifice some growth to create what they consider a more traditional society. Slower growth by itself may not mean "failure."

    •  Failed by it's own stated metrics (1+ / 0-)
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      Goldfish

      Neoliberalism, in my opinion, is actually a class project but its proponents stated goal was to initiate greater growth and thereby increase everyone's wealth -> trickle down economics.

      By that metric it has failed. Both to create greater growth than the model it replaced and in terms of the "trickle down" effect in that wealth inequality is arguably larger now than at any point in American history.

      Though to be clear, it's not a "failure" from those who are the beneficiaries of it perspective.

      The Top 1% and the United States of Inequality http://tinyurl.com/2bxg8tp

      by FIREeconomy on Tue Dec 21, 2010 at 04:41:48 PM PST

      [ Parent ]

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