West's neoliberal 'age of abundance' is over, as war and sanctions boomerang home
August 27, 2022
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17:59CIA intimidated Britain to force 'ally' to cut ties with China's Huawei
44:45Now PlayingWest's neoliberal 'age of abundance' is over, as war and sanctions boomerang home
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as posted by the channelFrance’s President Emmanuel Macron, a former banker, warned "we are living the end of what could have seemed an era of abundance." Western wars and sanctions are boomeranging back at home. The neoliberal phase of capitalism is collapsing.
Neoliberalism has lost the key pillars it was built on: cheap energy and raw materials from Russia, cheap labor and consumer goods from China, an unsustainable bubble of household debt, low to zero interest rates, and Washington's ability to organize regime-change operations in any country where a government tried a socialistic or state-led economic model.
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