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At its core is the belief in the supremacy of free ant opposition to government intervention

At its core is the belief in the supremacy of free ant opposition to government intervention

The intellectual foundation of neoliberalism started off in the mid 40’s from right wing reactionaries led by Fredrich von Hayek and Milton Friedman, eventually gaining currency during the dictatorship of Augusto Pinochet in Chile where he employed the economic advice of Chicago Boys trained by Friedman at the University of Chicago.

(This ideological underpinning is what totally collapsed during the Great Recession of 2008 and the pandemic wave of 2019 as referred to in the Joseph Stiglitz article). (más…)