Changyong Rhee, Director of the International Monetary Fund s Asia and Pacific Department, who visited Sri Lanka recently, will retire following his monimation as the Governor of South Korea s central bank.
What Exactly Is Neoliberalism, and Is It a Bad Thing?
April 12th 2021, 1:47 pm
In his book-length essay on neoliberalism, Alberto Mingardi provides some much needed clarification and explanation of this concept that has long been one of the Left s favored bogeymen
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Both exponents from the Right and from the Left, in fact, view neoliberalism as the
instrumentum regni with which global political leaders and their special interests have tried, especially since the 1980s, to squeeze out the middle class and the poor.1 International institutions such as the European Union, the International Monetary Fund, or the World Bank, according to this popular view, are all part of the same great neoliberal scheme that aims to centralize power in the hands of the few by advancing policies that are in line with what leftist billionaire George Soros dubbed “market fundamentalism2 a “grab-bag of ideas based on the fundamentalist notion that markets are self-correcting,