"The central claim of today’s neoliberal economic orthodoxy is that all problems are caused by labor being too greedy, and putting its own living standards above the ideal of creating a wealthy rentier class to lord it over them. The aim of cutting back credit is to reduce employment by bringing on a new recession, there by rolling wages back – and also making working conditions much harsher, blocking labor unionization, and cutting back public programs on social spending."
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Michael Hudson, EU Pressures - Questions from Al-akhbar Newspaper, Lebanon. Mohammad Itmaizeh (1 December 2022)
https://en.wikiquote.org/wiki/Neoliberalism
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Michael Hudson (economist)
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