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Fred Block: The Tenacity of the Free Market Ideology - YouTube
Fred Block discusses his book “The Power of Market Fundamentalism,” which extends the work of the great political economist Karl Polanyi to explain why free market dogma recovered from disrepute after the Great Depression and World War II to become the dominant economic ideology of our time. // wo state role there would be no market system. // need social democracy in complex diverse society - representing people // freedom in complex diverse society = free of hunger and economic uncertain & freedom of nonconformity - protections, no marginalisation, no economic punishment // social democracy and free market are both Utopias // Thatcher & Co blaming State for malaise! nobody likes technocratic arguments, leaves public out, thus was able to make big return. // wealth creation through efficiency route takes more work and capital than predation (rentier/rent seeking) - ie relaxing fuel efficiency savings regulation for Detroit back in the days // trust that state can support innovation
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january 2016 by asterisk2a
It’s George Osborne who will shape Tory prospects for 2020 | Gaby Hinsliff | Comment is free | The Guardian
Power is leeching from David Cameron, and the colder, more ruthless chancellor is in the spotlight [...] Osborne’s big problem, of course, is that his fingerprints are all over everything the government has done – or not done – to tackle these problems over the last five years, let alone over the next five. And that’s not the only factor limiting his prospects of promotion He’s almost as exposed as Cameron is to fallout from the EU referendum gamble. (Heads we quit the EU, and government heads will have to roll; tails we stay, triggering Tory civil war).
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october 2015 by asterisk2a

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