How neoliberalism replaced the embedded liberalism of the past

The term “liberalism” is somewhat confusing as it refers to “progressivism” in the US and the market-based laissez-faire ideology in Europe. But it should not be abandoned, as it stresses the historical continuity between the consecutive forms of liberalism since the Industrial Revolution. Powerless in the face of the 1970s stagflation and…

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.