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Neoliberalism: A Very Short Introduction
In its heyday during the 1990s, neoliberalism bestrode the world like a colossus. It ate its way into the heart of the former Soviet bloc. It confronted countries of the global South with the new rules and conditions for their economic development. Showing itself to be a remarkably versatile creature, neoliberalism even charmed the post-Mao Chinese Communist Party cadres whose reformed ‘socialism with Chinese characteristics’ looks suspiciously like its supposed ideological nemesis. At the dawn of the new century, however, neoliberalism has been
discredited as the global economy built on its principles has been shaken to its core by a financial calamity not seen since the dark years of the 1930s. Is neoliberalism doomed or will it regain its former glory? Will reform-minded G-20 leaders embark on a genuinely new course or try to claw their way back to the neoliberal glory days of the Roaring Nineties? Is there a viable alternative to neoliberalism?
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