Sunday, February 17, 2013

Kicking away the ladder.


Advocates of Neo-Liberal, "free market" idealogy claim that the prescription they want to impose on other countries is the one that made them prosperous.

Not only is this manifestly wrong by any empirical measurement, (Compare poster boy, "free market" New Zealand to largely still socialist and protectionist Norway, or Australia, for example) it also ignores the protectionist history of every successful economy.

Notable in the USA, the more protectionist, socialist and publicly co-operative the State, the more succesful their economy. High tax, more socialist States are propping up the more Neo-Liberal States.Compare North Dakota and Texas for example.

The height of Neo-liberal absurdity is when Chile under Pinochet is held up as an example of successful Neo-Liberal economic.

How Neo-Liberal ignore evidence, and History!
"Almost all of today’s rich countries used tariff protection and subsidies to develop their industries. Interestingly, Britain and the USA, the two countries that are supposed to have reached the summit of the world economy through their free-market, free-trade policy, are actually the ones that had most aggressively used protection and subsidies".

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