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politics

Bread, freedom and the WDR 2011 on Conflict, Security and Development

Merrell Tuck-Primdahl's picture

Which comes first in the wake of revolution, bread or freedom?

A Reuters reporter asked about this during the embargoed press briefing last Friday to launch the World Development Report 2011: Conflict, Security and Development. What she wondered about was the tough choices of what to deal with most urgently in the throes of revolutions like we are seeing in the Middle East and North Africa.

In other words, should policymakers pay urgent attention to, say, food, jobs and the flow of cash or do justice and political change take precedence? 

New Pragmatism versus Failing Neoliberalism

Grzegorz W. Kolodko's picture

The source of the current global economic crisis lies deeply in U.S.-style neoliberal capitalism, or contemporary laissez faire. It could not have been triggered in countries with a social market economy, but only in the conditions of the neoliberal Anglo-American model. The intense shock the world experienced could take place only as a result of the coincidence of numerous political, social and economic circumstances (as well as technological ones, since it would not have been possible without the Internet). The overlapping of these conditions in a specific way, which accumulated the crisis-related phenomena and processes, was possible only under a special combination of values, institutions and policies — are typical of U.S.-style neoliberalism.