Gary Younge paints a portrait of an ideology.
Greenspan\’s ideology was unfettered, free-market capitalism. Its understanding of how the world works was rooted in self-interest. It was a value system that placed the private before the public, the individual before the collective, and the wealth of the few before the welfare of the many.
Given that Greenspan was one of the bureaucrats overlooking the system of regulation of the economy, we can hardly say that he was arguing for "unfettered" anything.
But there\’s something else here. We ghastly neo-liberals, we few, we band of brothers, do not argue that we should place the wealth of the few before the welfare of the many. Not at all. Rather, we argue that if we work with the grain of (enlightened) self-interest, if we place the private before the public, the individual before the collective, that this promotes the welfare of the many over the wealth of the few.
Just look around the world would you? Those places which have, roughly, crudely, followed the liberal capitalist rule book have vastly higher welfare of the many than those places which have not.
Those places which have elevated the collective over the individual, the public before the private are, to put it mildly, shitholes.
The monument to this free-market capitalism shtick is that the lucky billion or two of us human beings that live in societies which have followed this path are living higher on the hog than any other human has ever done. Those countries which have not historically but have adopted it in recent decades are seeing welfare increase for the many faster than has ever happened before in human history. Those countries that have never had it and aren\’t getting it now are mired in the destitution which was the lot of all humanity until liberal capitalism was first tried.
Jebus people, what the fuck do you want from an economic system other than that we all get fat, rich and happy?