In recent years, the term “neoliberalism” has reverberated across academia, Twitter, and major media outlets. It has increasingly become shorthand for describing and dismissing the centrist and corporatist bent of the Democratic Party, symbolized by Bill and Hillary Clinton. This popularization has also stretched it thin. Broadly, neoliberalism describes the theory of political economy that free markets and government austerity are the best way to create individual freedom and choice.
Finance’s conquest of the supports necessary to deal with the universal human fate of growing old spells certain disaster for our golden years. The retirement-financial complex should be fought tooth and claw.
In addition to an economy held together with the baling-wire of Fed stimulus (that’s ending), both the U.S. and the world are facing a wild spectrum of assaults that could have huge economic impacts.
For a brief period after World War II, Third World nations played an active role in shaping the world economic order and fostering development. For all its promises and a few success stories, neoliberalism hasn’t done the same.
Despite predictions of its demise, the neoliberal power bloc of think tanks and lobby groups is still deeply entrenched and pushing into new territory, from health care to space exploration. Neoliberalism won’t be over until the Left can challenge that power.