Monday, March 14, 2011

Another Neo-liberal failure.


The failure of another attempt at privatisation.

"Germany's economy is in good shape because it resisted the fashion of neoliberalism. Europe should show the same defiance in the face of self-serving predictions that the euro is doomed. The financial and debt crises have highlighted the need for strong governments -- and for more Europe, not less". 

Germany has mostly resisted Neo-liberalism so far. Where it has been applied, like the privatisation of their State pensions, it has been as much of a failure as every where else.

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