Noreena Hertz Quotes

The triumph of economic liberalization has coincided with a sharp increase in income inequality.

Neoliberalism considers the discourse of equality, justice, and democracy quaint, if not dangerous and must be either trivialized, turned into its Orwellian opposite, or eviscerated from public life.

Beginning in 1981, when government policies began to undermine the liberal consensus of the previous generation, wealth began to diverge. It is more unevenly distributed than ever before.

I was very identified with and accused of being a neo-liberal with respect to the economy.

We are in favor of greater free markets.

The dominant economic approach of the last thirty years is now on its last legs. Letting the market rip and an indifference to inequality are now seen as important causes of the greatest economic crash since the 1930s.

In the 1980s, we were advised, why don't you follow Reaganomics or Thatcherite economics. We said, yes, there are good points, let's see how we can fit them in the Indian economy. Every country has its own way of moving forward.

The move towards neoliberalism in Britain was intimately bound up with the embrace of the U.S. as the country to be aped and copied.

During the 1990s the United States sought to impose the 'Washington Consensus' on Latin American governments. It embodied what Latin Americans call 'neo-liberal' principles: budget cuts, privatization, deregulation of business, and incentives for foreign companies. This campaign sparked bitter resistance and ultimately collapsed.

He presented himself as the friend to Main Street America, and yet that aw-shucks persona ended up packaging policies and programs that were at times deeply injurious to the very people he swore to serve. After all, Reaganomics set in motion one of the largest wealth redistributions in American history, away from the poor and toward the rich.

The difficulty for the Government is there's this ideological straitjacket of the market will provide, let the market rip and everything will work out... It's back to trickle-down economics, which, it's plain to see, have not delivered.

In the future, people will blame the Eighties for all societal ills in the same way that people have previously blamed the Sixties. The various Thatcherite Big Bangs - monetarism, deregulation, libertarianism - have been working their way through the culture ever since.

All the actions of your government have been in favour of the markets, and against the people.

The unfettered free market has been the most radically disruptive force in American life in the last generation.

How did we get into this mess? Because the press, during the 1980s committed one of the greatest crimes of the 20th century. The media took a dive, caved in, and did not tell the American people the price they would eventually pay for Reaganomics.

You should be cautious when criticizing the liberalization of economic theory.

Plutocrats were the chief beneficiaries of so-called neoliberalism and the suite of political changes it brought beginning in the late 1970s - deregulation, weaker protection for unions, the shareholder value movement, and the subsequent inflation of executive compensation.

Individual nations have offered their own contributions to income inequality - financial deregulation and upper-bracket tax cuts in the United States; insider privatization in Russia; rent-seeking in regulated industries in India and Mexico.

We are all living in a world shaped by Reagan and his ideology of small 'l' liberalism.

Since the 1980s, we've been living in this era, really, of corporate rule, based on this idea that the role of government is to liberate the power of capital so that they can have as much economic growth as quickly as possible, and then all good things will flow from that.

Past leaders chose deregulated globalization. They said it would be happy; it turned out to be atrocious.

With each step away from communist constructivism to Hayekian capitalism, China has been richly rewarded.

The E.U. is an economically right-wing organization that prioritizes the interests of big corporations.

Neoliberalism emerged by defining itself against what it labelled as an unrealistic and unsustainable programme of social welfare and public spending.

The '90s came, and then the 2000s, and we saw radical corporate interest extremism, we've seen the disparity between rich and poor just get bigger, with globalisation and the corporate agenda on the rise ever since.