Eric Hobsbawm quote ✍️

Quote

It rests on the attempt since the 1970s to translate a pathological degeneration of the principle of laissez-faire into economic reality by the systematic retreat of states from any regulation or control of the activities of profit-making enterprise. This attempt to hand over human society to the (allegedly) self-controlling and wealth- or even welfare-maximising market, populated (allegedly) by actors in rational pursuit of their interests, had no precedent in any earlier phase of capitalist development in any developed economy, not even the USA. It was a reductio ad absurdum of what its ideologists read into Adam Smith, as the correspondingly extremist 100% state-planned command economy of the USSR was of what the Bolsheviks read into Marx.
Eric Hobsbawm How to Change the World: Marx and Marxis… economics marxism

Similar Crossword Answers

Answer Clues
LOVE 708 clues
POWER 304 clues
HURT 294 clues
GOVERNMENT 123 clues
BICKERING 78 clues
FIGHTING 62 clues
ECONOMICS 35 clues
THEOLOGY 24 clues
PERSPECTIVE 23 clues
MARXISM 9 clues
SACRAMENTS 1 clue
Poet’s word, with inverted comma, for the end of the day
?
E
?
E
?
N
Hint 1 meaning
The old plural of Eye.
Hint 2 anagram
NEE
Hint 3 another clue
AND STILL ___
3 +1

New Crossword Suggestion

Clue
Answer (solution)