This is the story of how the new global economy was born, a century-long battle as to which would control the commanding heights of the world’s economies — governments or markets; the story of intellectual combat over which economic system would truly benefit mankind; the story of epic political struggles to implant those ideas on the nations of the world.
For more than half a century the battle of ideas will rage. From the totalitarian socialist systems to the fascist states, from the independent nations of the developing world to the mixed economies of Europe and the regulated capitalism of the United States, government planning will gradually take over the commanding heights.
But in the 1970s, with Keynesian theory at its height and communism fully entrenched, economic stagnation sets in on all sides. When a British grocer’s daughter and a former Hollywood actor become heads of state, they join forces around the ideas of Hayek, and new political and economic policies begin to transform the world.
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http://www.pbs.org/wgbh/commandingheights/hi/story/
http://www.pbs.org/wgbh/commandingheights/shared/minitext/tr_show01.html
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