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It wasn't so much discredited but replaced by the Milton Friedman "Shock Doctrine" approach of the Corporation being the be-all and end-all of economic thought, regardless of the thousands of unionists, leftists, middle-class, etc. being "disappeared*" (i.e. executed, jailed, exiled, newly-homeless, etc.).
Gunker is trying to blame free market capitalism for socialism's failures. So typical.
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