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Add comment on:The End of the "Golden Age" of Capitalism and the Rise of Neoliberalism
"The central point is that the financial sphere has the potential of developing into an autonomous subsystem of the whole economy with an enormous capacity of self-expansion.. Like cancer, it has no internal control mechanism. It can only be brought under control through external interventions.. In Pinochet's Chile, deregulation, privatization, tax cuts, monetarism and social dismantling were tested in detail by the Chicago boys before this policy mix was applied in the first industrial countries under US president Reagan and the British "iron lady" Margaret Thatcher"
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