Neoliberalism

Flint: An American Failure

The story of Flint—the Michigan city in which people were harmed by drinking water that contained lead and lethal bacteria—is a warning to all struggling US communities that confront disinvestment, declining population, excessive financial focus, incompetent leadership, nontransparent government, and racism. Flint is also a tale of a persevering community, good doctors and scientists, and […]

Neoliberalism’s Dark Path to Fascism

Neoliberalism as economic theory was always an absurdity. It had as much validity as past ruling ideologies such as the divine right of kings and fascism’s belief in the Übermensch. None of its vaunted promises were even remotely possible. Concentrating wealth in the hands of a global oligarchic elite—eight families now hold as much wealth as 50 percent of […]

The Political Theology of Neoliberalism

Neoliberalism is primarily considered an economic logic which promotes ideals of ‘free trade’, and reduces the role of government to a facilitator of deregulation and privatisation. But accompanying the economics has always been a particular worldview or ideology, and neoliberalism in fact relies on a whole social system of support and legitimation. In his new […]

Thomas Piketty and His Discontents, Apolitical Economy: Democracy and Dynasty

Inequality and its corrosion of the body and the soul of capitalist societies has been the hottest topic among respectable liberal economists and political analysts in the United States since the crisis of September 2008. To be sure, Left economists have been tracing the twin scourges of flatlined real wages and widening inequality since the […]