During the New Deal and social democracy in Europe governments regulated capital. In the neoliberal era capital regulates government. The central purpose of neoliberal re-regulation is to remove the economic policy from control by representative democracy.
It must finally be understood that the EU Treaties are completely unsuitable for the functioning of monetary union. Since the Dublin Agreement on immigration is also obsolete, a final attempt should be made to adapt the treaties to reality
The economist and policy types who have been pushing the trade agenda of the last four decades often make assertions like “everyone gains from trade.” This is what is known in the economics profession as a “lie.”
This text is the concluding chapter of the essay published in the Papers: of Insight with the title: "The rise and fall of socialism", For the "References", please, look at the essay.
