The arrival in power of Thatcher and Reagan , 30 years ago, marks the main factors of the current crisis: The rise of neo-liberalism that has swept the planet.
Although for many the work of the Iron Lady and the actor Sitcom , has borne fruit, we must consider the merits and consequences TODAY 'hui. Neo-liberalism of the 80s is:
- Reduced taxes on high incomes
- Increase in unemployment to generate a pool of workers and reduce the strength of unions
- Control of inflation and rising rates
- Deregulation of financial markets (free movement of capital, creation of new financial products ...)
- Increase profits (return on capital)
can say that all these objectives have been achieved. But as you can see, they all, without exception, the effect of increasing inequality (the rich getting richer and the poor .. poor). The second side of the coin (it is funny that medal), is the failed ambitions of neo-liberalism a strong and sustainable growth ... All these measures have certainly increased capital income but failed to boost investment to meet expectations. Blame it on what? A deregulation of financial markets. financial investments (we say more "speculative"), are more profitable than productive investment. That's how we got back in the era of speculation, the law of markets, the profitability at all costs and social inequality.
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