December 5, 2005
A visual representation of the way the unwinding of the welfare state by a neo-liberalism that was developed from the writings of liberals such as Friedrich Hayek and Milton Friedman:
Bruce Petty
Neo-liberalism is a particular type of rationality that came to link up the multiple strands of the critique of the welfare state and Keyensian economics in the 1970s. The archilles heel of this welfare mode of governance was the failure to counter inflation and the way that it gave too much power to governments and bureaucrats.
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