The success of any political and economic order depends on how natural and commonsensical it seems. In today’s turbulent world, we see the cracks in a three-decade-old system – neoliberalism – that took shape in the US and then shaped most of the world, says historian Gary Gerstle in The Rise and Fall of the Neoliberal Order.
The architects of neoliberalism, starting with Ronald Reagan, dismantled the system that sought to work out a compromise between capital and labour, and state and market. Neoliberals were convinced that regulatory controls stymied growth and innovation. It prized free global movement of goods and labour, was all for cosmopolitanism and globalisation.
Critics argue that this allowed elites and their allies, financial institutions of various kinds, to operate free of democratic oversight. Either way, the collapse of communism allowed neoliberalism to girdle the globe, with no need to dilute its principles.
هذه القصة مأخوذة من طبعة August 13, 2022 من The Times of India Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة August 13, 2022 من The Times of India Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
US soccer scrubs Islamic emblem from Iran flag
The federation said in a statement Sunday that it decided to forego the official flag on social media accounts to show “support for the women in Iran fighting for basic human rights.”
Pyar Ke Saat Vachan Dharam Patnii begins on TV tonight
What happens when kismet takes over the lives of two couples belonging to two different sections of society?
Arijit serenades music lovers in Mumbai
Arijit Singh casts a spell with his voice
ARGENTINA LIVE TO FIGHT ANOTHER DAY
Messi's Strike Rattles Mexico And Lusail, Brings Team Back From The Brink
Costa Rica come alive
Los Ticos Stun Japan With Late Fuller Winner
Morocco's moment under the sun
Inspired Atlas Lions Shock Belgium For First WC Win In 24 Years
ON YOUR MARK, GET SET, SOAR
Athletics Icon Usha Set To Become First Woman President Of IOA
Industry body calls for slower rate hikes
CII Asks RBI To Moderate Pace Of Raising Repo As Global Woes May Impact Growth
Insurance reforms may see PE funding surge in sector
Irdai Raises Investment Cap, Allows PEs To Be Promoters
Cut ties with child-killing regime, Khamenei's niece tells world, held
Iranian authorities have arrested a niece of supreme leader Ayatollah Ali Khamenei after she recorded a video describing the authorities led by her uncle as a “murderous and child-killing regime”.