fix articles 350003, friedrich august hayek Los Angeles Indymedia : tag : friedrich august hayek

friedrich august hayek

Neoliberal Crisis Policy has Failed (tags)

The term "invisible hand of the market" goes back to Adam Smith. This assumes all economic activity promotes the common good. Neoliberalism's survival is surprising because its theoretical assumptions are dubious. People cling to neoliberal prescriptions against reality.

Capitalism as a Religion (tags)

"Capital is the only god that the whole world knows, sees, touches, smells, tastes and excites all our senses. It is the only god that doesn't encounter any atheists" (Paul Lafargue's little known genial satire "Religion of Capital" from 1887.

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