
The Dig: Financial Empire w/ Daniela Gabor & Ndongo Samba Sylla
Jacobin Radio
00:00
What Is the Washington Consensus?
The state that is useful for citizens, in a sense, disappears because you have an increasing a moval of the state from the provision of public goods one way or another. And we under the idea that the market can do things better than the state rigt because you have wide telephones. In across africa countries, at were forced to adopt tan orther adopted and deo certain domestic political constituencies that prefer the washington consensus rules. If there are market failures, then, of course, the state is necessary. The resurrection state tries to correct market failures, but doesn't allocate capital or don't interfere with market signals.
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