Neoliberalism: Myths and Reality

Authors

  • Martin Hart-Landsberg

DOI:

https://doi.org/10.14452/MR-057-11-2006-04_1

Keywords:

Imperialism, Political Economy

Abstract

Agreements like the North American Free Trade Agreement (NAFTA) and the World Trade Organization (WTO) have enhanced transnational capitalist power and profits at the cost of growing economic instability and deteriorating working and living conditions. Despite this reality, neoliberal claims that liberalization, deregulation, and privatization produce unrivaled benefits have been repeated so often that many working people accept them as unchallengeable truths. Thus, business and political leaders in the United States and other developed capitalist countries routinely defend their efforts to expand the WTO and secure new agreements like the Free Trade Area of the Americas (FTAA) as necessary to ensure a brighter future for the world's people, especially those living in poverty

Published

2006-04-01

Issue

Section

Review of the Month