By David Harvey
Neoliberalism--the doctrine that industry trade is an ethic in itself, in a position to appearing as a consultant for all human action--has develop into dominant in either idea and perform all through a lot of the area seeing that 1970 or so. Writing for a large viewers, David Harvey, writer of The New Imperialism and The of Postmodernity, right here tells the political-economic tale of the place neoliberalization got here from and the way it proliferated at the global degree. via serious engagement with this heritage, he constructs a framework, not just for reading the political and monetary hazards that now encompass us, but additionally for assessing the customers for the extra socially simply possible choices being recommended via many oppositional movements.
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Additional resources for A Brief History of Neoliberalism
But it had to be backed up by a practical strategy that emphasized the liberty of consumer choice, not only with respect to particular products but also with respect to lifestyles, modes of expression, and a wide range of cultural practices. Neoliberalization required both politically and economically the construction of a neoliberal market-based populist culture of diﬀerentiated consumerism and individual libertarianism. As such it proved more than a little compatible with that cultural impulse called ‘postmodernism’ which had long been lurking in the wings but could now emerge full-blown as both a cultural and an intellectual dominant.
Freedom’s Just Another Word . . response to the Great Depression. Many policy-makers after the Second World War looked to Keynesian theory to guide them as they sought to keep the business cycle and recessions under control. The neoliberals were even more ﬁercely opposed to theories of centralized state planning, such as those advanced by Oscar Lange working close to the Marxist tradition. State decisions, they argued, were bound to be politically biased depending upon the strength of the interest groups involved (such as unions, environmentalists, or trade lobbies).
Powell, about to be elevated to the Supreme Court by Richard Nixon, argued that criticism of and opposition to the US free enterprise system had gone too far and that ‘the time had come––indeed it is long overdue––for the wisdom, ingenuity and resources of American business to be marshalled against those who would destroy it’. Powell argued that individual action was insuﬃcient. ‘Strength’, he wrote, ‘lies in organization, in careful long-range planning and implementation, in consistency of action over an indeﬁnite period of years, in the scale of ﬁnancing available only through joint eﬀort, and in the political power available only through united action and national organizations’.
A Brief History of Neoliberalism by David Harvey