Gérard Duménil: Greece, a crisis born of neo-liberal madness


March 09, 2010

Gérard Duménil: Cutting wages and social spending will make the crisis worse

Dr. Duménil is one of the world’s foremost theorists of neoliberalism and economic crisis and is the author of numerous influential books, many of which have been translated into several languages. These include Capital Resurgent: Roots of the Neoliberal Revolution (2004) and his forthcoming The Crisis of Neoliberalism: from the subprime to the great contraction.


Greek workers refuse to pay for crisis

F. William Engdahl: Goldman helped create Greek financial crisis

7 thoughts on “Gérard Duménil: Greece, a crisis born of neo-liberal madness

  1. Neo-Liberalism, and the Greek tragedy.

    May 6, 2010 by politicalsnapshots.wordpress.com

    Neo-liberalism, and the Greek tragedy.

    The country that gave the world the three most important tragedians, Aeschylus, Sophocles and Euripides is facing a major economic tragedy. While economists the world over have differing views on the root cause of Greece’s economic problem, as a non economist, I have been immensely concerned with anarcho-capitalism, (an economic system that destroys government regulation of the economy, and creates economic anarchy within the global economic system).

    The conscious deregulation of the economy that started during the Reagan administration in the U.S. reached its climax during President George W. Bush’s tenure and has brought the global economic chaos the world is in at the moment. Their bankrupt economic theory of the market policing itself, has proven to be as hollow as their dreams of making trillions of dollars without manufacturing anything. (Capitalism without ethics, June, 2009 PSS.WP).

    [edited: continued at http://politicalsnapshots.wordpress.com/2010/05/06/neo-liberalism-and-the-greek-tragedy/%5D

    • Thanks, Mekonen. Please do not paste entire articles in the comment section. I edited your comment and provided a link for those who wish to read the rest of the article.

  2. Pingback: Gerald Dumenil: The crisis of neoliberalism « Dandelion Salad

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  4. Not a single word about making the rich – people and companies – pay higher taxes. Was Brussels caught sound asleep? Not easy to get out of this mess.

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