Originally Published in Madras Courier
Editorial Note
The failure of free-market economics post-2008 echoes Javier Milei’s rise in Argentina as austerity & deregulation deepen inequality.
The Great Recession of 2008 was a monumental epoch in global economic history. It demystified the incoherent doctrine of free market economics and market fundamentalism, much like the Fall of Berlin symbolised the demise of fascism and the demolition of the Berlin Wall, marking the decline of communism and the collapse of the Iron Curtain.