Have We All Gone Mad?

HAVE WE ALL GONE MAD?

The very foundations of Milton Friedman’s free market capitalism are deregulation, privatization, and severe cuts in government spending on social programs. These were the stringent structural adjustments though which the IMF rained down socioeconomic terror on the “lesser developed countries” (LDCs). After Nine-One-One, the U.S. administration opened its arms fully to free market capitalism at home.

The wild deregulation in the financial sector contributed to its immense growth. And it was the eventual collapse of the financial sector that caused the major meltdown of 2008.

Now, here come the tea party people claiming that the fundamental problem for the U.S. economy is “out-of-control” spending on social programs, and that the ONE SURE SOLUTION IS GREATER DEREGULATION AND PRIVITIZATION.

HAVE WE ALL GONE MAD?