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Globalization and the Demolition of Society
Can market forces solve all problems? This book takes on the doctrine of neoliberalism and powerfully eviscerates it, showing that instead of prosperity for all, unleashing market forces creates ever-growing economic insecurity, shreds the social fabric, and inflicts catastrophes on the individual, national, and international level. By ruthlessly taking away positive incentives for people to cooperate with authority (such as job security and benefits), neoliberalism requires governments and corporations to escalate their use of negative sanctions--more coercion, deception, and fear mongering--in order to maintain social order. A timely and vitally needed book that will change how you see and act in the world. It reads like a series of novels, richly unfolding the story of the clash between those who extol private interests and private goods versus those who believe that the public interest must be safeguarded. Loo uncovers the fact that many of the most devastating world catastrophes are brought on unintentionally as a result of following neoliberal policies and logic. "The worst and most alarming news here," he writes, "is not that 9/11 was... a grand conspiracy hatched within the highest US government echelons. It is instead that 9/11 and other disasters such as the BP Deepwater Horizon catastrophe are due to the normal and ordinary workings of capitalism, and specifically neoliberal policies. That is much more distressing than...
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July 31, 2011
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