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Towards a New Market Economy in Europe for Future Generations

Articles & Blogs on Neoliberalism

Hand-picked for you from around the web + original content published just on the Moral Markets site

How the Welfare State Became the Neoliberal Order

“Amy C. Offner’s Sorting Out the Mixed Economy remakes a popular understanding of how today’s neoliberalism was built. Offner shows that neoliberalism, rather than having been imposed by the Washington Consensus, was in fact first developed at a local level. The book shows American entrepreneurs, trained in big government as Lilienthal was, working together with Latin American businesses, banks, and landlords. It was when these new kinds of partnerships returned to the US—when private companies, treated as public concerns and sustained by government funds, began to take shape in the “developed” world—that neoliberalism truly began.”

Resisting Neoliberal Capitalism in Chile: The Possibility of Social Critique

“In Resisting Neoliberal Capitalism in Chile, Juan Pablo Rodríguez examines two recent social movements leading the social and political contestation against neoliberalism in Chile, not only showing how these embody critique in practice, but also drawing on these experiences to interrogate the very idea of social critique. This ambitious book is a welcome contribution to a sociology of social movements grounded in a reflexive dialogue between critical theory, social movement studies and empirical enquiry, writes Malik Fercovic.

Neoliberalism under Threat: Coronavirus and the Return of the Social

“Neoliberalism is often conceived primarily as an economic project, with the purpose of getting the government out of the economy and the individual citizen into the free market. Citizens are re-imagined as customers, and everything from healthcare to education is subjected to ferocious competition, with the state making way for private corporations. But, from its outset, neoliberalism also aimed to dismantle the entire social fabric of human life.”

The Covid-19-Induced Crisis and Three Inversions of Neoliberalism

“the Covid-19 crisis-laden political discourse of the present reveals to us the essence of neoliberalism as a social order founded on a series of inversions. At least three of these are suddenly identifiable in their re-inversion presently. (1) There is no such thing as individuals, there are collectivities and there is society. […] (2) If neoliberals truly understood economics they wouldn’t be neoliberals. […] (3) There is an alternative.”

How The Free Market Created Rentiers And Plutocracy In Post-Soviet Central Asian Countries

“In his book The Road to Serfdom, Friedrich Hayek claimed that state socialism would lead to a loss of economic and political freedoms, and eventually to tyranny. Only a free market capitalism would ensure that individual freedoms would be preserved. But ironically neoliberal economic reforms have helped to create another road to serfdom. The free-market ideology has promoted and celebrated rent extraction, sometimes over wealth creation. Neoliberalism has concentrated wealth and power into the hands of a few, and has merged economic and political elites into the rentier class: individuals who extract income based on existing assets”

Mean Girl: Ayn Rand and the Culture of Greed

“In Mean Girl: Ayn Rand and the Culture of Greed, Lisa Duggan offers a new thesis on the infamous literary, cultural and political icon, Ayn Rand, exploring how the adoption of many of her philosophical and political ideas and beliefs helped fuel the insidious shift towards neoliberalism. Duggan’s skills as a cultural historian and her sharp-witted socio-political commentary fuse seamlessly together in this short yet fascinating book that is a necessary read for students of culture and politics, as well as activists and organisers, writes Ellen Reid.”

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