Podcast 50.- State intervention makes a return

Socialist correspondent

Capitalism has major issues to address about the failures of its neoliberal model. Greater state intervention in the economy is being pursued in the United States and Britain. Although this may seem a radical departure from neoliberal orthodoxy, nevertheless it is nothing like the levels of nationalisation and state intervention which once prevailed. Facing global challenges, especially from China, will these modest departures from free market dogma be enough to save capitalism?