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Trump as the ultimate triumph of neoliberalism
The entire history of capitalism can be readily understood as the struggle between these two principles: is the democratic principle “exported” from politics to rule in economics too, or is the hierarchical principle of company organization to invade the political sphere. Social democracy was essentially the former; neoliberalism was the latter.
By Branko Milanovic
https://glineq.blogspot.com/2020/04/trump-as-ultimate-triumph-of.html