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How to fix our flawed democracies

The Rachman Review

CHAPTER

The Evils of Neoliberalism

I think the move towards economic liberalization had good aspects to it, which I supported then and still support. The idea that what's happened in the last half century is just because of neoliberalism is just quite implausible. In my very first book on globalization, written well over 20 years ago, I made clear that it was both possible and desirable to sustain,. if not strengthen the welfare state as a way of counteracting the impact. But yes, I think that there are aspects of the market revolution, which turned out not to work properly and were allowed to go too far.

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