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

James Heartfield Heartfield at blueyonder.co.uk
Tue Dec 13 13:01:24 PST 2011

Doug: “The big rise in state & local gov spending happened in the 1960s. For federal spending, there was a rise in (non-cyclically adjusted) spending from around 16% of GDP in the early 1950s to around 20% in the early 1970s. Until the Great Recession, it's pretty much stayed there.”

So I’m right then. There was no neo-liberal revolution.

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