[lbo-talk] A Crisis of Neo-liberalism or a Crisis of Captialism?" by Christopher Carrico

[Max Sawicky]

The state(s) are bigger, but arguably their regulatory grip on finance and
trade, especially cross-border, has attenuated.  And finance of course has
expanded in relative and absolute terms. So the term has some foundation.

On Tue, Dec 13, 2011 at 4:05 AM, James Heartfield <
Heartfield at blueyonder.co.uk> wrote:


> The characterisation of contemporary capitalism as ‘neo-liberalism’ seems
> particularly unfortunate to me. On the long trend state spending rose
> (absolutely and as a share of output) all through the twentieth century. A
> small state might be important for free market ideology, but capitalist
> economies have all tended to rely on larger and larger state sectors. The
> free marketeers’ polemics are ideological, and do not correspond to
> reality. Neither do the leftists critiques of ‘neo-liberalism’ correspond
> to reality. For them the expansion of the capitalist state is a good thing
> (as the market is a bad thing).
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