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

SA s11131978 at gmail.com
Tue Dec 13 21:02:13 PST 2011

On 12/13/2011 4:01 PM, James Heartfield wrote:

> 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.

Great scott, everything I thought I knew - it all turned out to be an illusion.


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