Their vision—that greed should guide us, that, to quote the late economist Milton Friedman, “the major error” was “to believe that it is possible to do good with other people’s money”—has dramatically remade our world over the last four decades, decimating virtually every countervailing power.67 Extreme free-market ideology was locked in through the harsh policy conditions attached to much-needed loans issued by the World Bank and the International Monetary Fund. It shaped the model of export-led development that dotted the developing world with free trade zones. It was written into countless
...more
This highlight has been truncated due to consecutive passage length restrictions.