Friday, 9 August 2013

In Praise of Neo-liberalism

By Pedro Schwartz

Neo-liberalism" has become an all-purpose term of insult among people who reject capitalism root and branch. It also is used in derogation by social liberals who see it as the creed of a metaphysical sect, and by traditional conservatives who blame the greediness of its devotees for the present crisis. In fact, the people thus denounced are nothing more than a group of economists who take their subject seriously and want to rescue the philosophy of liberty from a century of slow decay.

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