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2025, Moneycontrol
Neoliberalism is dead, long live neoliberalism A careful analysis of neoliberalism, along with the initial statements and actions of the Trump administration, might suggest a strengthening of neoliberal forces under his regime.
International Critical Thought, 2019
Throughout the twentieth century, American capitalism has proved strategically flexible and successful at periodically restructuring itself to take advantage of global opportunities that arose due to world wars, economic crises, and technological change and innovation. On three major occasions in the twentieth century, the American capitalist system successfully restructured itself. The first and second restructurings occurred during1912-1917 and 1944-1953, respectively. The third restructuring, beginning after 1978, is often identified with what is called neoliberalism. Neoliberalism underwent a period of crisis as a consequence of the 2008-2009 global financial crash and great recession. Its restoration under Obama failed. Beginning in 2017, a new more aggressive and virulent form of neoliberalism has begun to emerge under Trump. Whether the Trump restoration of a new neoliberalism 2.0 will succeed has yet to be determined. And should it fail, will that failure usher in a transition period in the US and global economy in the 2020s decade that will lead to a fundamentally different US and global economic restructuring after 2020? What lies ahead in the remaining two years of the Trump regime, 2019-2020, will likely answer these questions.
Sage Handbook of Neoliberalism, 2018
Neoliberalism is a frightening proposition. It is a violent ideology made flesh as a cruel and vengeful material practice. The virulence of neoliberalism is, perhaps, even more pronounced in its ‘post’ form, where we think we have a handle on its death, while it simultaneously continues to terrorize our social and political landscapes. The implication is that postneoliberalism is akin to a zombie apocalypse, where the horror we are exposed to is characterized by the mutations, deformity, and insatiable hunger of a living dead idea.
European Journal of Economics and Economic Policies: Intervention, 2021
The US economic expansion which began in 2009 was unusually prolonged but relatively weak. Profitability and investment strengthened between 2010 and 2015 but then began to falter. After Trump took office in 2017 there was a minor recovery in investment but the proceeds of major tax cuts were overwhelmingly used to finance payouts to share owners. Unemployment fell steadily from 2010 but with a shift towards lower-paid jobs. Median wages increased from around 2014, but while those for women had risen steadily since the 1980s, those for men only recuperated to their 1980 level in 2018. By contrast, top incomes soared. The impact of the COVID-19 epidemic was partly cushioned by huge government spending programmes, but unemployment among less-skilled workers increased strongly, while the massive monetary response led to an unprecedented bonanza for the rich. The Biden government's first major initiative extended unemployment benefits and promoted a national response to the health e...
Contango, 2017
The present crisis of neoliberalism is a crisis of its politics. In this way it mirrors the birth of political neoliberalism, in the Reagan-Thatcher Revolution of the late 1970s – early 1980s. The economic crisis of 2007-08 has taken 8 years to manifest as a political crisis. That political crisis was expressed by SYRIZA’s election in Greece, Jeremy Corbyn’s rise to leadership of the Labour Party, the Brexit referendum, and Bernie Sanders’s as well as Donald Trump’s campaign for President of the U.S. Now Trump’s election is the most dramatic expression of this political crisis of neoliberalism.
Sexuality Research and Social Policy, 2016
World Review of Political Economy
In approximately the last four decades, neoliberalism has reigned as the structure of Western economies, chiefly the United States. However, neoliberal capitalism and an environment synonymous with deregulation, “free” markets, and limited government intervention in economic matters has repeatedly led to crises and crashes in history. The Scourge of Neoliberalism examines the actions of past presidential administrations since 1980, and explains how neoliberalism’s allure has kept it afloat for so many years.
Clover for helping me to think about the material below.) This paper is a very cursory exploration of neoliberalism as a concept. It is impossible to survey the vast amount of work on this topic. There are three things I hope to do instead: mention some key currents, articulate where I find the term more and less useful as an attempt to grasp contemporary social reality, and consider what the rise of reference to neoliberalism itself indexes.
Neoliberal Capitalism as a Form of Life Neoliberal capitalism is a policy model encompassing politics, society, and economics. It favors private enterprise and seeks to transfer the control of economic factors from the government to the private sector. Neoliberal capitalism is a set of economic policies that have become widespread for over five decades (Harvey,2007). Although the word gets rarely heard in the United States, one can see the effects of neo-liberalism here as the rich get richer and the poor get poorer (Martinez & Garcia,1997). Neoliberals believe that the unregulated market is the best way to stimulate economic growth and grow jobs and the economy, which would eventually benefit everyone. This perspective emphasizes reducing taxes and total freedom of movement for capital, goods, and services while restricting the movement of labor, eliminating workers' rights through de-unionization that had been gained over many years of struggle. However, unregulated markets have not produced growth and prosperity for all, and like Reagan's "supply-side" and "trickle-down" theory of economics-neoliberalism has proven just as disappointing. However, despite its failures, creating vast inequalities and propping up reactionary world regimes, [neoliberal] capitalism remains dominant (McGowan,2016).
An overview of the political spectrum of neoliberalism, looking at the differences of its hegemonic reign depending on location and culture. I argue also that there's a "right" and "left" neoliberalism.
Brazilian Journal of Political Economy
Neoliberalism has succeeded in reaching unprecedented levels of power and domination. Despite this, the literature shows that many aspects of the history of neoliberalism remain unclear. In this regard, this article discusses two notable aspects. The first is that neoliberalism lacks a clear definition and is often confused with many other concepts. The second aspect relates to the origins of neoliberalism, which are often reduced to a particular version that does not necessarily reflect the deep roots of neoliberal thought. This article argues that subjecting the history of neoliberal thought to scrutiny contributes to removing many of the ambiguities associated with these two aspects. On the one hand, it allows identifying the different interpretations of neoliberalism, and on the other hand, it shows the fact that neoliberalism emerged in the midst of the crisis of classical liberalism and as a reaction to the expansion of collectivism.
Critical Policy Studies, 2021
This is a beautiful book: With a matt pink cover and a massive 347 pages, it gets the reading appetite going. The book consists of 12 chapters written by illustrious experts on neoliberalism that the editors Dieter Plewhe, Quinn Slobodian and Philip Mirowski have drummed up. Nine Lives of Neoliberalism is not the first collaboration of these giants of the study of neoliberalism. It is the sequel to The Road from Mont Pèlerin. The Making of the Neoliberal Thought Collective, which in 2009 set new standards for the study of neoliberalism. The book is still today, ten years after its publication, the go-to book on the diffusion of neoliberalism. Given all this, my expectations toward the new book were stellar. Luckily, I have not been disillusioned. Better than the book itself if only one thing: that you can download an ungated free version. Knowledge to the people! There is but one caveat and that comes from the main message of the book. If I had to summarize it in a single sentence, ...
We continue to live in the shadow of the Great Recession of 2008. The protracted and partial economic recovery has lead to a political and ideological crisis of neoliberalism. Understanding the causes and scope of this crisis of neoliberalism can give us insight into US politics, both left, right, and center. I first consider the neoliberal role in reshaping the postwar US political economy, and then consider its current implications, as embodied especially in the politics of Trump and Sanders. along with the potential role that the Green Party might play. Neoliberalism is based on an ideological foundation for capitalist political economy that emphasizes to the central role of so-called free markets both within nations and across national boundaries (identied with free trade, globalization, and multinationalism), and the primacy of traditional morality (especially traditionally derived Christian morality), centered on individual and family values, while diminishing (or entirely denying) the role (and even the existence) of society
Global Financial Crisis: The Ethical Issues, 2011
Critical Social Policy
The aim of this special issue is to revisit and rethink neoliberalism as an abstract concept and as an empirical object. We invite contributors to critically evaluate dominant conceptions of neoliberalism, to examine how we use neoliberalism as an analytical and methodological framework, and to offer new ideas about how to productively (re)conceptualize neoliberalism. Below we outline some broad questions that contributors might like to engage with, although others are welcome: • How conceptually useful is neoliberalism in different disciplines? • How has the concept of neoliberalism evolved over time? • Does neoliberalism represent a useful or critical way of understanding the current state of the world? • What are the limitations to our use of neoliberalism? • Does neoliberalism need updating as a critical concept in ways that take us beyond hybridity and variegation? • What is missing from debates on neoliberalism in contemporary scholarship? • What makes neoliberalism such a popular analytical framework? call for papers | 2 • Are there alternative ways to conceptualize neoliberalism? • Are we in need of finding alternative conceptions that break with the language of ‘neoliberalism’ altogether? • What might new visions beyond neoliberalism yield in terms of our collective political future?
2008
Since the 1980s the concept of neoliberalism has been at the forefront of debate in both international political economy and domestic politics. Originally a label for a new form of nationally rooted transatlantic conservatism in the late 1970s and 1980s, neoliberalism was at first ...
Till today there is a widespread presumption that Neoliberalism (NL) is the dominant political-economic paradigm in the West but also in the greater part of the world. This paper argues that this is not so and that since the beginning of the 21st century NL has fallen from grace and has been replaced by the equally conservative New Keynesianism (NK) with the New Macroeconomic Consensus (NMC). The fundamental sign of this transition is the widespread and growing state economic interventionism that characterise even that were considered the bastions and proponents of NL.
Policy Futures in Education, 2020
When we first conceptualized this special issue in spring 2016, there were reasons to hope that neoliberalism might be nearing an endpoint. Neoliberalism, as a particular and extreme form of capitalism, faced two intertwined crises, one economic and the other environmental. Almost 10 years after the economic crash of 2007, the United States was still recovering from an economic meltdown caused in part by an under-regulated fraudulent mortgage lending system and the wealthiest 1% gaining an increasingly larger percentage of all the wealth, while median income has remained stagnant for the last half century (Saez & Zucman, 2019). Simultaneously, the environmental crisis worsened as climate change and global warming results in more frequent and stronger storms; drier conditions leading to more brush and forest fires in California, Canada, Australia, and elsewhere; longer and deeper droughts; increased desertification; sea-level rise and flooding (Mirowski, 2013). Consequently, there are more refugees and more conflicts between those who have and those who don't. In addition, humans are dispersing more and more dangerous toxins across the globe. Most recently, scientists are discovering that humans and all living things are being contaminated by micro-plastics that they are ingesting and storing (Cox et al., 2019). Consequently, it was becoming increasingly apparent that neoliberal policies, which aim to replace governmental and collective oversight of the economy, the environment, and education with individual decisions within markets, are a significant cause of these crises. Therefore, it seemed that people were increasingly realizing that neoliberalism-as a way of making individual and societal decisions-was on the verge of being replaced. Indeed, initiatives such as nations promising to reduce the carbon dioxide emissions they produced suggested that alternatives to neoliberalism were becoming increasingly possible. However, over the last five years, neoliberalism has not only remained dominant economically, but has also remained the dominant social imaginary (Rizvi & Lingard, 2010).
Monthly Review, 2006
Agreements like the North American Free Trade Agreement (NAFTA) and the World Trade Organization (WTO) have enhanced transnational capitalist power and profits at the cost of growing economic instability and deteriorating working and living conditions. Despite this reality, neoliberal claims that liberalization, deregulation, and privatization produce unrivaled benefits have been repeated so often that many working people accept them as unchallengeable truths. Thus, business and political leaders in the United States and other developed capitalist countries routinely defend their efforts to expand the WTO and secure new agreements like the Free Trade Area of the Americas (FTAA) as necessary to ensure a brighter future for the world's people, especially those living in poverty.
About the Book The recent, devastating and ongoing economic crisis has exposed the faultlines in the dominant neoliberal economic order, opening debate for the first time in years on alternative visions that do not subscribe to a 'free' market ethic. In particular, the core contradiction at the heart of neoliberalism – that states are necessary for the functioning of free markets – provides us with the opportunity to think again about how we want to organise our economies and societies. The Rise and Fall of Neloberalism presents critical perspectives of neoliberal policies, questions the ideas underpinning neoliberalism, and explores diverse response to it from around the world. In bringing together the work of distinguished scholars and dedicated activists to question neoliberal hegemony, the book exposes the often fractured and multifarious manifestations of neoliberalism which will have to be challenged to bring about meaningful social change. Table of Contents 1. Introduction: A World Turned Right-Way Up - Kean Birch and Vlad Mykhnenko Part 1: The Rise of Neoliberalism 2. How Neoliberalism Got Where It Is: Elite Planning, Corporate Lobbying and the Release of the Free Market - David Miller 3. Making Neoliberal Order in the United States - Kean Birch and Adam Tickell 4. Neoliberalism, Intellectual Property and the Global Knowledge Economy - David Tyfield 5. Neoliberalism and the Calculable World: The Rise of Carbon Trading - Larry Lohmann 6. Tightening the Web: The World Bank and Enforced Policy Reform - Elisa van Waeyenberge 7. The Corruption Industry and Transition: Neoliberalising Post-Soviet Space? - Adam Swain, Vlad Mykhnenko and Shaun French 8. Remaking the Welfare State: From Safety Net to Trampoline - Julie MacLeavy Part 2: The Fall of Neoliberalism 9. Zombieconomics: The Living Death of the Dismal Science - Ben Fine 10. From Hegemony to Crisis? The Continuing Ecological Dominance of Neo-Liberalism - Bob Jessop 11. Do It Yourself: A Politics for Changing Our World - Paul Chatterton 12. Dreaming the Real: A Politics of Ethical Spectacles - Paul Routledge 13. Transnational Companies and Transnational Civil Society - Leonith Hinojosa and Anthony Bebbington 14. Defeating Neo-liberalism: A Marxist Internationalist Perspective and Programme - Jean Shaoul 15. Conclusion: The End of an Economic Order? - Vlad Mykhnenko and Kean Birch
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