In The Media
David Rothkopf
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Source: Getty
In The Media
South America Watches As U.S. Alters Free-Market Tune
As the U.S. government steps in to rescue the financial system, Latin American leaders are using the crisis to justify their own leftist policies, claiming the United States' free-market approach has collapsed. But some U.S. scholars see a middle ground; future regulation may help guide markets on the national and even the global stage, without completely departing from the free market system.
Published on Oct 1, 2008
Source: NPR's All Things Considered
Latin American governments that have not adhered to the free-market “Washington Consensus” in now feel a certain sense of vindication as the flaws of free-market fundamentalism have become increasingly evident. While most U.S. experts believe that some form of free-market system is still the best option for the future, there is an increasing consensus in favor or greater regulation. As Rothkopf sees it, this moment marks a watershed in economic philosophy, when the hands-off approach of the past 25 years will give way to a new era—one where greater a governmental role in the economy may even include some forms of economic regulation on the global stage.
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About the Author
David Rothkopf
Former Visiting Scholar
David Rothkopf was a visiting scholar at the Carnegie Endowment as well as the former CEO and editor in chief of the FP Group.
- How Bush, Obama, and Trump Ended Pax Americana
- A Bigger ClubhouseIn The Media
David Rothkopf
Recent Work
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
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