Neoliberalism: An Accounting
Program #CHON254. Recorded in Amherst, MA on April 13, 2017.
Neoliberalism is an odd term when you think about it. It is hardly new and it is not particularly liberal. It has been a great economic success story-for the 1%. The detritus of neoliberalism litters the landscape from smashed unions to shredded safety nets, and deregulation of everything from airlines to banking to telecommunications. And how does one measure the human costs of shattered dreams and broken lives? The consequence? A backlash. Many working people are angry. Keep squeezing them and they will be prey for charlatans and demagogues who exploit their vulnerability and fear with scapegoating and false promises. As The Nation magazine observes, “Alongside growing economic inequality, we have suffered growing political inequality, with a Princeton study declaring that the influence of ordinary citizens on policy is ‘negligible.’ The United States,” The Nation says, is becoming “an oligarchy.”