The Chicago School was the bulwark against the light socialism of the New Deal and the overt socialism of the Europeans and the South Americans. Their suggestion to have completely open markets, open trade, and low taxes would change the world forever. It would enrich the owners of capital and it would be a net loser for anyone who derives their wealth from the value of their labor. No economic theory has changed the world more than neoliberalism.

In this clever video, we have a break down of how neoliberalism broke the United States (and most of the world).

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