

Really well written and worth the read for anyone not too familiar with neoliberalism.
It’s worth noting that the disease did not originate with Milton Friedman. For the purposes of the article, his name is used appropriately to set the context. For purposes of gaining better understanding of the disease it’s good to know a bit about its historical context. Neoliberal economics has been pushed by others before him, most notably Hayek. Further back, classical liberal economics was the standard practice in capitalist economies until the Great Depression when it collapsed. Neoliberalism is just a newer, more polished version of it. The Keynesian period in-between, was deviation from the normal. Prior to it, there were virtually no welfare systems. As for housing, you can look up what it looked like for the avg urban worker prior to the Great Depression. In UK, Canada, rooming houses, small, decrepit, overcrowded rental accommodations were the norm. Detective William Murdoch didn’t live in a house till he married into wealth. Neither did constable Higgins.
One more thing to note is that neoliberalism was funded and pushed by the oligarch class that took a haircut during the New Deal through massive taxes. They saw it as a vehicle to restore their pre-Keynesian ability to accumulate wealth and therefore power. Milton Friedman was just the latest and best sales face of neoliberalism and the 70s crisis was the opportunity when the sale worked. Behind him there was a network of think tanks developing and trying the sales pitch going back to the 40s.


























He’s talking about diesel prices in the US. Which is true in absolute, but not in magnitude. Impressive way to distract from the US-Israel war on Iran that created the bulk of the global shortage. :D