Nobel Prize winner in economics Stiglitz says Covid-19 pandemic showed consequences of neoliberalism

Yeah, the economic crises are making it hard to deny the negative impacts of neoliberalism. Even a chief proponent of transnational capitalism, Klaus Schwab, has conceded:

"the neoliberalist… approach centers on the notion that the market knows best, that the ‘business of business is business’… Those dogmatic beliefs have proved wrong."

"Free-market fundamentalism has eroded worker rights and economic security, triggered a deregulatory race to the bottom and ruinous tax competition, and enabled the emergence of massive new global monopolies..."

He even went as far as to say: "With every passing year, these issues, as many people have experienced directly, seem to get worse, not better."

/r/LateStageCapitalism Thread Link - pressenza.com