Author: Philip Louro

Boldly Going Nowhere

The ‘Lost Decades’ of a Moribund Capitalism

The financial collapse of 2008 was a sudden, shrill alarm that abruptly exposed neo-liberalism to be nothing more than a fool’s paradise. For decades, many Americans marched to the hypnotic music of free market fantasy and willfully ignored the low, droning crescendo of social decay. The hypnotic melody of constant growth, full employment, low taxation, and rugged entrepreneurialism muffled the warning sirens that had gone off around them.