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February 9, 2012

West Turns its Back on the Free Market

Nicole Gelinas, City Journal

AP Photo

In the years leading up to 2007, the rules necessary to govern a flourishing market economy broke down, producing a financial and economic crisis. Rather than responding to the crisis by fixing those rules, the West aggressively repudiated market economics, and the repudiation continues to this day.

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TAGGED: Eurozone, global economy

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