A Brief History of Neoliberalism

Radical markets: uprooting capitalism and democracy for a just society

Many blame today's economic inequality, stagnation, and political instability on the free market. The solution is to rein in the market, right? Radical Markets turns this thinking on its head. With a new foreword by Ethereum creator Vitalik Buterin and virtual reality pioneer Jaron Lanier as well as a new afterword by Eric Posner and Glen Weyl, this provocative book reveals bold new ways to organize markets for the good of everyone. It shows how the emancipatory force of genuinely open, free, and competitive markets can reawaken the dormant nineteenth-century spirit of liberal reform and lead to greater equality, prosperity, and cooperation. Only by radically expanding the scope of markets can we reduce inequality, restore robust economic growth, and resolve political conflicts. But to do that, we must replace our most sacred institutions with truly free and open competition Radical Markets shows how

Welcome to the new age of geoeconomics

Tech, trade, finance and military policies are mingling in a manner not seen during the neoliberal era

Neoliberal Fascism as the Endpoint of Casino Capitalism

This article explores neoliberal fascism as a distinctive political formation within the current historical moment. In doing so, it first analyzes neoliberalism as a project that has since the 1970s destroyed all the commanding institutions of democracy while consolidating power in the hands of a financial elite. In addition, it analyzes neoliberalism as a movement, that produces and legitimates massive economic inequality and suffering, privatizes public goods, dismantles essential government agencies, and individualizes all social problems. Under such circumstances, neoliberalism creates the conditions for right wing extremists to mobilize the anger of white disenfranchised working class populations by both appealing to the economic injustices they experience while simultaneously blaming and directing their frustrations towards non-white minority groups such as immigrants, blacks, and Muslims. It is precisely this merging of the social, political, and economic hardships produced by neoliberal capitalism and its appropriation of the discourse of white supremacy to divert attention from its worst excesses and failures that a neoliberal fascism is produced. Â More specifically, I argue that in the face of 40 years of neoliberalism with its production of massive inequality, a frontal attack on the welfare state, and the erosion of civic institutions and culture, there has been a resurgence of fascist discourses and a populist fascist political movement. Neoliberal fascism represents the conjoining of the most extreme elements of casino capitalism with the discourses of racial cleansing, and white nationalism. The article concludes by examining how atomization, fear, and anxiety have become the breeding grounds of fascism and what it means to revive education as a central tenet of politics so as to address the task of not simply resisting oppressive economic structures, but also what it means to engage in the massive challenge of changing individual and collective consciousness as a precondition for collective struggle and the building of new social movements. Author Biography Henry Giroux, McMaster University Chair for Scholarship in the Public Interest The Paulo Freire Distinguished Scholar in Critical Pedagogy

The new way of the world : on neoliberal society : Dardot, Pierre

337 pages ; 24 cm

Exocapitalism: economies with absolutely no limits

There is a touch of destiny with this one. We have real…

Capitalist Realism: Is There No Alternative?

It is easier to imagine the end of the world than the end of capitalism. After 1989, capitalism has successfully presented itself as the only realistic political-economic system - a situation that the bank crisis of 2008, far from ending, actually compounded. The book analyses the development and principal features of this capitalist realism as a lived ideological framework. Using examples from politics, film (Children Of Men, Jason Bourne, Supernanny), fiction (Le Guin and Kafka), work and education, it argues that capitalist realism colors all areas of contemporary experience, is anything but realistic and asks how capitalism and its inconsistencies can be challenged. It is a sharp analysis of the post-ideological malaise that suggests that the economics and politics of free market neo-liberalism are givens rather than constructions. New Edition includes:Forward by Zoe Fisher, Mark’s wife, talking about Mark as a personIntroduction by Alex Niven, his friend and colleague, talking about the political significance of the book thirteen years after it was writtenAfterword by Tariq Goddard, the original editor and publisher, describing the writing and editing of the book, its original reception, and Mark’s own view of it"A quick and entertaining read." Socialist Standard "A provocative and necessary read...for anyone wanting to talk seriously about the politics of education today. " Times Higher Educational Supplement

Cognitive Capitalism - Public Seminar

There are broadly three ways of thinking historically about capitalism. One draws on Marx’s value theory and pretty much treats...Read More

Myopic memory: Capitalism's new continuity in the age of AI

This article is a commentary on the relationship between artificial intelligence (AI), capitalism, and memory. The political policies of neoliberalism have reduced the capacity of individuals and groups to reflect on and change the social world, meanwhile applications of AI and algorithmic technologies, rooted in the profit-seeking objectives of global capitalism, deepen this deficit. In these conditions, memory in individuals and across society is at risk of becoming myopic. In this article, I develop the concept of myopic memory with two core claims. Firstly, I argue that AI is a technological development that cannot be divorced from the capitalist conditions from which it comes from and is implemented in service of. To this end, I reveal capitalism and colonialism's historical and contemporary use of surveillance as a way to control the populations it oppresses, imagining their pasts to determine their futures, disempowering them in the process. My second core claim emphasises that this process of disempowerment is undergoing an acute realisation four decades into the period of neoliberalism. Neoliberal policies have restructured society on the basis of being an individual consumer, leaving little time, space, and institutional capacity for citizens to reflect on their impact or challenge their dominance. As a result, with the growing role of AI and algorithmic technologies in shaping our engagement with society along similar lines of individualism, it is my conclusion that the scope of memory is being reduced and constrained within the prism of capitalism, reducing its potential, and rendering it myopic.

The Triumph of Broken Promises — Harvard University Press

A powerful case that the economic shocks of the 1970s hastened both the end of the Cold War and the rise of neoliberalism by forcing governments to impose austerity on their own people.Why did the Cold War come to a peaceful end? And why did neoliberal economics sweep across the world in the late twentieth century? In this pathbreaking study, Fritz Bartel argues that the answer to these questions is one and the same. The Cold War began as a competition between capitalist and communist governments to expand their social contracts as they raced to deliver their people a better life. But the economic shocks of the 1970s made promises of better living untenable on both sides of the Iron Curtain. Energy and financial markets placed immense pressure on governments to discipline their social contracts. Rather than make promises, political leaders were forced to break them.In a sweeping narrative, The Triumph of Broken Promises tells the story of how the pressure to break promises spurred the end of the Cold War. In the West, neoliberalism provided Western leaders like Ronald Reagan and Margaret Thatcher with the political and ideological tools to shut down industries, impose austerity, and favor the interests of capital over labor. But in Eastern Europe, revolutionaries like Lech Walesa in Poland resisted any attempt at imposing market discipline. Mikhail Gorbachev tried in vain to reform the Soviet system, but the necessary changes ultimately presented too great a challenge.Faced with imposing economic discipline antithetical to communist ideals, Soviet-style governments found their legitimacy irreparably damaged. But in the West, politicians could promote austerity as an antidote to the excesses of ideological opponents, setting the stage for the rise of the neoliberal global economy.

Profit, cost, price, learned societies; further thoughts on Samuel A. Moore's Publishing Beyond the Market

Since I last wrote, I have had a few more thoughts on Samuel Moore’s book. Again, these are not necessarily things that he does not discuss or things that he should have discussed. They are merely thoughts that occurred to me in response to reading his work.

Denizen

What is out there, now, that represents a market-based economy beyond capitalism? Post Growth Institute Founder Donnie Maclurcan shares his views on what's working around the world today and his theory of change towards the next economy.

npj on Twitter / X

Schumpeter in a nut shell:— Capitalism forces “rationalization” and the rationalist worldview, which just ends in an almost nihilistic skepticism that corrodes everything traditional that it touches: in particular “family life” and the aristocracy.— The traditional… pic.twitter.com/hThnUJ6jNE— npj (@TiltingatM3) May 28, 2026

Paul's Leaflets

There's a surprisingly nuanced discussion in development about the political economy of clients and servers in the Atmosphere