"In the 1990s “the Washington consensus” preached (sometimes arrogantly) economic liberalisation and democracy to the emerging world. For the past few years, with China surging, Wall Street crunched, Washington in gridlock and the euro zone committing suicide, the old liberal verities have been questioned: state capitalism and authoritarian modernisation have been in vogue. “The Beijing consensus” provided an excuse for both autocrats and democrats to abandon liberal reforms. The need for growth may revive interest in them, and the West may even recover a little of its self-confidence." - the Economist. Med andre ord, længe leve markedet, neo-liberalisme og gode gamle Milton Freedman. economist/news/leaders/21582256-emerging-market-slowdown-not-beginning-bust-it-turning-point
Posted on: Sat, 27 Jul 2013 10:06:23 +0000
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