There are, finally, some fundamental political problems within neoliberalism that need to be addressed. A contradiction arises between a seductive but alienating possessive individualism on the one hand and the desire for a meaningful collective life on the other. While individuals are supposedly free to choose, they are not supposed to choose to

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With the media dominated by upper-class interests, the myth could be propagated that states failed economically because they were not competitive (thereby creating a demand for even more neoliberal reforms). Increased social inequality within a territory was construed as necessary to encourage the entrepreneurial risk and innovation that conferred

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The late 1970’s marked a break in the post-war compact between labor and capital , the tacit arrangement following World War II where businesses compromised with labor unions in exchange for stability and economic growth. In 1980, we saw the overwhelmingly popular elections of Ronald Reagan in the US and Margaret Thatcher in the UK. At home, Paul... See more