OK, maybe that is a bit of an exaggeration. But I keep saying it and I will say it again - NEO-LIBERALISM IS DEAD! Dead! Dead! Dead! Now one of it’s main ideologues, it’s key architects, is practically admitting so. Check out this video clip of Alan Greenspan’s testimony before The House Oversight and Government Reform Committee last Thursday (warning, you may want to just listen to the audio, Alan Greenspan and Henry Waxman are quite possibly the two ugliest men alive - actually alive might be questinable in Greenspan's case)… http://www.youtube.com/watch?v=55-A1-D3MR0 Here is the New York Times report on the hearing… http://www.nytimes.com/2008/10/24/business/economy/24panel.html?_r=1&oref=slogin Oh, I only wish Milton Friedman was still alive so he could similarly grovel before the American people and the world.

www.whatnowtoons.com Wow, what a difference a few weeks can make. Less than a month ago, every mainstream mass media outlet, U.S. politician, economic analyst, and probably the majority of average citizens would still have been singing the praises of the unfettered free market. Regulation was still a dirty word and privatization was still equated with efficiency and prosperity. Granted, the sand had already begun to shift under this ideological edifice of 30+ years. The sub-prime mortgage crisis and the bursting of the housing bubble had seriously shaken the confidence of some in the system. I had mentioned repeatedly on Labor Express Radio over the Summer the glaring contrast between the soaring gas prices we experienced here in the laissez-faire fuel market of the U.S. as compared to the low and stable prices maintained by the state oil company of our neighbor to the south. But none of that seemed to really change the mainstream belief in this country that free markets solve all prob...