"Neoliberalism as economic theory was always an absurdity. It had as much validity as past ruling ideologies such as the divine right of kings and fascism’s belief in the Übermensch. None of its vaunted promises were even remotely possible. Concentrating wealth in the hands of a global oligarchic elite—eight families now hold as much wealth as 50 percent of the world’s population—while demolishing government controls and regulations always creates massive income inequality and monopoly power, fuels political extremism and destroys democracy. You do not need to slog through the 577 pages of Thomas Piketty’s “” to figure this out. But economic rationality was never the point. The point was the restoration of class power."
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Chris Hedges, Neoliberalism's Dark Path to Fascism, ', (26 November 2018).
https://en.wikiquote.org/wiki/Neoliberalism
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Chris Hedges
Christopher Lynn Hedges (born September 18, 1956) is an American journalist, Presbyterian minister, and visiting Princeton University lecturer. His books include War Is a Force That Gives Us Meaning (2002), a finalist for the National Book Critics Circle Award for Nonfiction. In 2002, Hedges was one of eight reporters at T
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