Insiders, not radicals, deliberately dismantled the postwar global economy

Evidence

In the end, though, it was neither the hippy left nor the libertarian right that disintegrated the Global Plan. It was the work of functionaries who had served the technostructure well. We know this from the horse’s mouth, the former New Dealer who was at the centre of the 1971 Nixon Shock and who, between 1979 and 1987, chaired America’s central bank, the Fed. In a 1978 speech at Warwick University, Paul Volcker explained succinctly and cynically what they were up to: ‘[A] controlled disintegration in the world economy is a legitimate objective for the 1980s.’ — Yanis Varoufakis, Technofeudalism, 213

Categorization

• XREF: connects to: Fascist austerity dismantled postwar gains and re-separated economics from politics — Clara E. Mattei, Escape from Capitalism: An Intervention, 193; Neoliberalism sought institutions balancing the world economy against political sovereignty — Quinn Slobodian, Globalists: The End of Empire and the…, 53

Broader Connections

• Fascist austerity dismantled postwar gains and re-separated economics from politics #corroborates (0.85) — Clara E. Mattei, Escape from Capitalism, 193
• Neoliberalism sought institutions balancing the world economy against political sovereignty #corroborates (0.80) — Quinn Slobodian, Globalists, 53