The Human Costs of Neoliberalism
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.
Henry Giroux, prominent public intellectual, is a prolific writer and political commentator. He has written many books including Neoliberalism’s War on Higher Education, The Violence of Organized Forgetting, and America at War with Itself. He is a member of Truthout‘s Board of Directors and a regular contributor to the nonprofit, independent online news organization.