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'Constant revolutionizing of production, uninterrupted disturbance of all social conditions, everlasting uncertainity and agitation distinquish the bourgeois epoch from all earlier ones ... All that is solid melts into air, all that is holy is profaned.' Marx

neo-liberalism: transforming the economy   April 20, 2012

Neo-liberalism isn't simply about the privileged or the elite lining their pockets, as it is a particular mode of governing the capitalist economy.

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Neo-liberalism is generally associated with free market policies: deregulation, privatisation, competition, small state etc. David Harvey’s contention is that we are witnessing, through this process of neoliberalisation, the deepening penetration of capitalism into political and social institutions as well as cultural consciousness itself. It is the elevation of capitalism, as a mode of production, into an ethic, a set of political imperatives, and a cultural logic. It is also a project: a project to strengthen, restore, or, in some cases, constitute anew the power of economic elites.

Neoliberalism is therefore not a new turn in the history of capitalism. It is more simply its intensification, and its resurgence after decades of resistance from the Keynesian welfare state and from experiments with social democratic and welfare state politics.

Continue reading "neo-liberalism: transforming the economy" »
| Posted by Gary Sauer-Thompson at 9:46 AM |