Articles by Gilbert Achcar

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Self-Extinction of Neoliberalism? Don’t Bet on It
Gilbert Achcar | New Politics – TRANSCEND Media Service, 27 Apr 2020

24 Apr 2020 – The magnitude of the ongoing economic disaster is such that it has revived and boosted the hope that it will lead to a major global shift in economic policies and priorities. Naomi Klein quotes from one of the key contributors to the neoliberal shift–Milton Friedman: “Only a crisis—actual or perceived—produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are lying around.” She quotes it approvingly: “Friedman, one of history’s most extreme free market economists, was wrong about a whole lot, but he was right about that. In times of crisis, seemingly impossible ideas suddenly become possible.”

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