The Great Recession of 2008 was a monumental epoch in global economic history. It demystified the incoherent doctrine of free market economics and market fundamentalism, much like the Fall of Berlin symbolised the demise of fascism and the demolition of the Berlin Wall, marking the decline of communism and the collapse of the Iron Curtain.
With the turn of the twenty-first century, under the guise of free market liberalism, the United States was ensnared by a form of corporate welfarism that exacerbated inequality and entrenched corporate power. Though the US retained the symbols and iconography of democracy, in essence, it has ruefully slipped into an oligarchy.
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