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Neoliberal Minority Rule

Markets have never been free, and democracy has always been at the mercy of those who have created, fortified, and administered markets by making the designation and protection of private property the highest priority of the law. For proof, look no further than the United States.

NEW YORK – Readers of The Economist and other such august publications have encountered report after report in recent years lamenting, celebrating, or coolly analyzing the demise of neoliberalism. One might think the tide has turned and social-democratic alternatives to the gospel of “free markets” have gained enough intellectual and legislative ground to become conventional wisdom.