The Unshackled Waves Ep. 142 Are Free Markets Out of Favour?
On the latest episode of the Unshackled Waves I decide to do a solo show which hasn’t been a feature for quite a while. The issue is a question that has been on my mind for a quite a while, that being are free markets n0w falling out of favour?
I start by outlining how the free market consensus began in the West with Reagan, Thatcher and Hawke-Keating engaging in privatisation, deregulation and free trade. Despite a big government turn post the global financial crisis there was still much disdain of high government spending and expansive government programs. However, in Australia, this changed with the backlash to the first Abbott-Hockey budget, in the United States both Donald Trump and Bernie Sanders believed in using the power of government to shape economic outcomes. In the UK Jeremy Corbyn once deemed unelectable is likely to be their next Prime Minister.