Globalization’s True Believers Are Having Second Thoughts

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From Time Magazine, Business-Economics.
June 3, 2016

The IMF seems to have disavowed—or at least questioned—key parts of neoliberal economics

Early this month, the International Monetary Fund seemed to proclaim that neoliberalism, an economic philosophy that advocates allowing capital to flow where it will (and usually where labor is cheapest), may have been “oversold.” This was rather like hearing the Pope say that catechism may have been “oversold.”

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