Articles tagged Ronald Reagan
Perhaps Africa is fortunate that it has, to a large degree, been excluded from the new globalisation paradigm. It might be a blessing in disguise for the continent when one considers the origin, meaning and anticipated fate of globalisation. For the driving force of this new orthodoxy is the unfettered liberalisation of the world economy.
And, for this to flourish, three ingredients were More >
Marxist economics made the withering away of the state its ultimate goal. However, it is the unabated liberalisation of the world economy, which is translating the old socialist dream into a disquieting reality. It needed the combination of three ingredients to make this twist of history possible.
First, there was Nixon’s decision in 1972-73 to end the dollar-gold link, which led to the official More >