the postulate that markets are organised most effectively by private enterprise and that the private pursuit of accumulation will generate the most common good; accomplished by opening international markets and financial networks, and downsizing the welfare state
The equilibrium came to an end as a result of neoliberal thinking, which reshaped public space radically in the 1980s and 1990s. Not civil society but the free market was now the main architect and this applied to countless domains of public life, especially the media.
While Labour were committed to ‘sharing the proceeds of growth’ more equitably than in the Thatcher and Major years, the process by which growth was to be achieved remained the same: the embedding of neoliberalism within government, society, and the economy.
The denigration of work, the celebration of efficiency, and the worship of the market are all hallmarks of the ideology that has dominated the United States since the late 1970s, neoliberalism
includes a definition of neoliberalism by Alissa G. Karl
Neoliberalism is the ongoing effort, in an inevitably uneven global political economy, to construct a regulatory regime in which the market is the principal means of governance and the movement of capital and goods is determined as much as possible by firms' short-term returns.
manages to be both neutral and scathing at the same time. p impressed
Neoliberalism is a term currently used only by its critics; its champions, including the leaders of most capitalist countries, do not proclaim themselves "neoliberals."
defined over the next few paragraphs, using the IMF (note 835)
Neoliberalism has failed, social democracy is impossible, and only an alternative vision can bring about universal prosperity and emancipation.
neoliberalism differs from classical liberalism in ascribing a significant role to the state. A major task of neoliberalism has therefore been to take control of the state and repurpose it.
But the case to be made here is not just against Facebook; it’s a case against neoliberalism.
on Facebook being the provider of infrastructure
Neoliberalism failed to bring proper recovery (from the viewpoint of the many); and in any case came chiefly to mark the Anglophone countries along with the now globalized and enormously expanded financial sector.
Was it merely due to the increasing sway of neoliberal ideology in the PRC?
what is meant by that word neoliberalism. My view is that it refers to a class project that coalesced in the crisis of the 1970s. Masked by a lot of rhetoric about individual freedom, liberty, personal responsibility and the virtues of privatisation, the free market and free trade, it legitimised draconian policies designed to restore and consolidate capitalist class power.
As individuals become poorer through the shrinkage of their salaries and the removal of social provision, neoliberalism offers them compensation through debt and by the promotion of shareholding.
there is no analytic value in blaming neoliberalism for our particular woes: today's world order is a concrete totality within which specific situations ask for specific acts
in other words, maybe neoliberalism was inevitable (as a stage we must pass through) and now all we can do is try to move past it?
In terms of both quantitative (share of GDP, financial rate of return) and qualitative capture (mobilisation of employees), neoliberal capitalism tips into the delirium of the unlimited
The neoliberal enterprise now seeks full alignment and the annulation of the drift
not a bad definition of neoliberalism tbh (though obvously incomplete)