Bulletproof Neoliberalism
To understand how a body of thought became an era of capitalism requires more than intellectual history.
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To understand how a body of thought became an era of capitalism requires more than intellectual history.
The latest liberal parlor game is pretending there’s no such thing as neoliberalism. The game’s very popularity highlights neoliberalism’s enduring hegemony.
When the architects of neoliberalism cobbled together their new economic order at Mont Pelerin, they included a moral vision with it. Co-opting the once revolutionary concepts of universal human rights, neoliberals refashioned the idea of freedom by tying it fundamentally to the free market, and turning it into a weapon to be used against anticolonial projects all over the world.
The failings of the Affordable Care Act are rooted in a long shift away from the idea of a truly universal health care.
The Left’s beachhead in Congress has grown in the last few years. But at the current rate of expansion, the Left will remain a minority in the Democratic Party’s congressional caucus until 2091. We can’t wait that long for change.
Neoliberalism may not be dead, but it is no longer the unquestioned ideology of our time. That leaves a huge opening for those on the Left who want to see a political and economic order based on democracy and solidarity rather than unbridled profit-seeking.
Jean-Luc Mélenchon's left-wing coalition is neck and neck with Emmanuel Macron’s party in polls for today’s French parliamentary elections. The coalition’s victory would shake the neoliberal order in France and across the European Union.
How free-market disciples and union busters became the prophets of American liberalism.
The intellectual godfathers of neoliberalism knew they needed to attach a philosophy of high-minded ideals to the vicious free-market system they wanted to spread around the globe. They found such a philosophy by perverting the idea of human rights.
The events of 1989 are usually remembered as an unprecedented extension of the “free market” to formerly socialist countries. But as the history of 1970s Hungary shows, neoliberal restructuring had never been limited to the West — and spread East long before the fall of the Berlin Wall.
Despite predictions of its demise, the neoliberal power bloc of think tanks and lobby groups is still deeply entrenched and pushing into new territory, from health care to space exploration. Neoliberalism won’t be over until the Left can challenge that power.
In the 1980s, as China sought to introduce markets into its economy, an internal debate roiled over whether to liberalize prices gradually or all at once. It rejected the free-market shock therapy option, and challenged neoliberal orthodoxy in the process.
France’s once mighty Socialist Party is polling at just 1 percent for today’s presidential election. With middle-class progressivism in a tailspin, only France Insoumise’s firm break with neoliberalism offers a path to recovery for the French left.
This fall’s Italian elections saw voters punish the incumbent parties of government yet again. But behind the upheaval in the party system is a narrowing of real political choice, as working-class interests struggle to find electoral expression.
Forty years of neoliberal hollowing out of state capacity is what’s responsible for Europe and Canada's great failure to quickly vaccinate people.
Pakistani neoliberalism hasn’t rolled back state intervention in the economy. Building on a predatory tradition that dates back to British colonial rule, it has used state power to enforce the ruthless exploitation of Pakistan’s workers and natural resources.
New movements in Chile are fighting to bring down the country's post-Pinochet establishment.
Recent announcements of neoliberalism’s demise in the wake of the pandemic are mistaken. Ending neoliberalism will require purposeful effort and struggle, not just economic and political crises.
Right-wing neoliberalism’s assault on the very idea of society laid the groundwork for today’s right-wing nationalist backlash. But the Left’s hands aren’t entirely clean either.