Neoliberalism is an odd term when you think about it. It is hardly new and it is not particularly liberal. It has been a great economic success story-for the 1%. The detritus of neoliberalism litters the landscape from smashed unions to shredded safety nets, and deregulation of everything from airlines to banking to telecommunications. And how does one measure the human costs of shattered dreams and broken lives? The consequence? A backlash. Many working people are angry. Keep squeezing them and they will be prey for charlatans and demagogues who exploit their vulnerability and fear with scapegoating and false promises. As The Nation magazine observes, “Alongside growing economic inequality, we have suffered growing political inequality, with a Princeton study declaring that the influence of ordinary citizens on policy is ‘negligible.’ The United States,” The Nation says, is becoming “an oligarchy.”
Neoliberalism is one of the most pernicious and destructive aspects of late Capitalism. Its take no prisoners approach has caused enormous human suffering. Promoted in the 1980s by Reagan and Thatcher it includes: tax breaks for the rich and powerful, privatization of public services, cutting social welfare programs, attacks on unions, violations of labor laws, passage of so-called free trade agreements allowing for unfettered capital investment flows, minimal government regulation of financial institutions and corporations, and the endless marketization of society. Neoliberalism views people simply as consumers. This system is driving the planet and humankind into an untenable situation. It was created by the few, for the few. It is not a law of nature. It can be dismantled by the many.
Your cart is currently empty