Thursday, November 12, 2015

Summing up Neoliberalism

Markets run according to the 'one-dollar-one-vote’ rule, while democratic politics run on the principle of ‘one-person-one-vote’. Thus, the proposal for greater depoliticisation of the economy in a democracy is in the end an anti-democratic project that wants to give more power in the running of the society to those with money.

Ha-Joon Chang - Economics