US EditionKing Lobster Promotes Market Fundamentalism on Steroids
Summary by Socialist Planning Beyond Capitalism
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King Lobster Promotes Market Fundamentalism on Steroids
King Lobster’s economic agenda is not about deregulation—it’s about dismantling the state itself. The article draws from Thatcher’s austerity program and Russia’s kleptocratic privatization of the 1990s. The plan is to turn public goods—parks, post offices, health care—into profit machines for monopolists. GDP would be redefined to IGNORE the shrinking public sector, while natural resources like water and power are handed over to financiers. …
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