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anonymous

100 years of statism, 100 years of neoliberalism - 0 views

www.themoneyillusion.com/?p=10333

econoics politics cycles trends megatrends

shared by anonymous on 01 Aug 11 - Cached
  • 1.  For nearly 100 years statism was on the advance in the US, and indeed in almost every country.
  • 2.  In the US the period of growth of government started at least as far back as 1887 (the ICC) and continued until 1977, after which deregulation, free trade agreements, and MTR cuts kicked in.  In other countries one saw MTR cuts, deregulation and privatization.
  • 3.  During the statism megatrend, the term ‘reform’ implicitly meant bigger government.  That’s how governments reacted to crises.  During the current (neoliberalism) megatrend, the tern ‘reform’ implicitly means less government.
  • ...2 more annotations...
  • 4.  In the US this pattern has recently been hidden by health care, which is one aspect of the welfare state that was never completed in the statist era (although it was completed in all other developed countries.)
  • 5.  During the megatrends, there are periods of consolidation, which are falsely viewed as countertrends.  They are not countertrends.  The trend is still intact.  In the US the 1920s and 1950s were falsely viewed as countertrends.  Don’t be fooled, we are only 1/3 of the way through the neoliberalism megatrend.
  • anonymous on 01 Aug 11
     
    "I'd like to argue that to understand what's going on in the world, one needs to understand the megatrends.  Yes, I know that 'megatrend' is a rather disreputable term, associated with crackpots.  But I'm going to use it anyway.  Here's my basic hypothesis:" Thanks to Adam Gurri for the interesting read.
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