Read up on Milton Friedman and the Chicago School of economics, which outlines this whole top-down, deregulated approach. Naomi Klein's book The Shock Doctrine does a magnificent job of showing the results when this model gets implemented, and since this started, in South America in the 70's, it's been a failure for everyone except multinational corporations.
![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
timeasmymeasure
Re: Top-down economics is a failed experiment.
Date: 2008-10-07 09:55 pm (UTC)