I don't like neoliberalism. I think that, like most simplistic "purist" ideas, it has run its course and, rather than delivering its grandiose promises, it has inflicted some serious parasitic outcomes that endanger our society.
What was initially sold as "free market capitalism" has morphed into "free market fundamentalism," a belief-based ideology that has acquired political and social dimensions that are often problematical. The idea that laissez faire capitalism will deliver solutions to all our woes, answers that government could never match, is patently untrue.
The decline of national sovereignty, the collapse of the middle class yielding to the ascendancy of the precariat, the rise of inequality (economic, social and, yes, political) and so much more are all in whole or in part attributable to neoliberalism and the hold it has taken on Western nations.
One thing I do know is that as the major crisis of this century, climate change, looms free market capitalism is not going to offer us the solutions we need. It has already shown its hand, disaster capitalism, a mechanism for extracting residual wealth from the weak and vulnerable.
Most of us perceive the label "neoliberal" to be pejorative yet very few of us have much understanding of what it means. Which is why I was delighted to stumble upon a series of brief podcasts presented by the New Economics Foundation, "A Beginner's Guide to Neoliberalism." The six part series offers a
concise guide to understand neoliberalism, how it came to be, how deeply it has become integrated into our government and the challenges it presents to all of us.