Liberalism creates nothing, in the peripheries of the Global South that agree to submit to it, other than a crony capitalism based on a Comprador State in opposition to the National State committed to sustainable economic and social development.The author provides an excellent summary of the principles and practices of neo-liberalism, a doctrine of the contemporary capitalist ruling classes that are now being implemented all over the world. It is an ideology of a small class of people who lay claim of "ownership" over increasingly concentrated productive enterprises and the currencies which, like oil, enable this machinery to function. While claiming that it serves to benefit societies as a whole, in reality the self-serving doctrine serves only this small class and subjects the rest of us to the miseries of exploitation, poverty, and wars.
Unfortunately, the author offers solutions that require only reforms to this hideous system.