The London Riots and the Triumph of Neo-Liberalism
Harvard Business Review
AUGUST 17, 2011
To understand last week's riots in England, we have to place them into their wider contexts. The geographic context includes the protests that the young have staged in France, Greece, Spain, Portugal, Israel, and most recently, Chile. The English riots are but the most recent example. For the other broad context, we have to go to the undeniable success of pro-market reforms introduced during the Thatcher-Reagan years, and "underwritten" by economists like Milton Friedman and Friedrich Hayek.