Decades of free-market orthodoxy have taken a toll on democracy | Joseph Stiglitz

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After 40 years of neoliberalism, the verdict is in – the fruits of growth went to the few at the top

At the end of the cold war, the political scientist Francis Fukuyama wrote a celebrated essay called The End of History? Communism’s collapse, he argued, would clear the last obstacle separating the entire world from its destiny of liberal democracy and market economies. Many people agreed.

 

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At the Cost Of Millions Around the Globe, Only MAGA Corps Reaps the Resources and Wealth, and Continue to Do So.🤔

“End of history” & ‘Tragedy of the Common’ (G Hardin) = simplistic silliness loved by neolib. Hardin disproved by Stiglitz fellow Nobel winner Elinor Ostrom (2009) for ‘Management of the Commons’. Where does she feature in PPE & univ Econ

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