But in that same world of uncertainty (which neoliberals do not think exists) there has also to be firm government action under the direction of politicians who know they have been elected to make decisions.
I really don\’t understand where he gets this idea that \”neoliberals\” think that uncertainty doesn\’t exist.
We\’re the people who insist that it does exist: that\’s why you can\’t centrally plan for the future and need to have a market based system so that people can continually experiment to see what works in that uncertain future.
If we had certainty, about either the present (we don\’t, the economy is too complicated for that to be possible) or the future (we don\’t, it\’s uncertain) then we really could have all the bright people in an office in London telling us all what to do.
But to insist that we have uncertainty thus we must have central planning is simply absurd. The very assumption disproves the policy.