Wednesday, August 4, 2010

Who Are The Neoliberals And How Did They Take Over The World?

by Richard Lyon from Fire Dog Lake

This is an excellent, concise review of the history of capitalism. Also, it provides a very good explanation of economic terms widely used throughout the world to describe economic phenomena.

I especially liked this paragraph: 
The neoliberal program of kicking down the doors of the third world has been heavily focused on feeding the energy driven addiction of industrialized nations to fossil fuels. The multi-national corporations that have orchestrated this resource exploitation have often created ecological disasters in various parts of the world. However, outside of some environmentalist fringe groups, most Americans were only concerned about what it would cost them to fill up the SUV. Now the ecological chickens have come to roost and they are covered in oil.