More allocations: A file picture showing ongoing construction at Interstate Highway 75 in Troy, Michigan. The US needs to spend more at home to deal with fraying infrastructure, improved medical care and welfare to deal with growing inequalities.— AP
IS the world in crisis or is it only a crisis of the neo-liberal order?
Last year, American historian Walter Russell Mead identified the following traits of the current American and global discomfort: “ineffective politicians, frequent scandals, racial backsliding, polarised and irresponsible news media, populists spouting quack economic remedies, growing suspicion of elites and experts, frightening outbreaks of violence, major job losses, high-profile terrorist attacks, anti-immigrant agitation, declining social mobility, giant corporations dominating the economy, rising inequality, and the appearance of a new class of super-empowered billionaires in finance and technology-heavy industries.”
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