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Chronis Polychroniou: How do you define neoliberalism?
Henry Giroux: Neoliberalism, or what can be called the latest stage of predatory capitalism, is part of a broader project of restoring class power and consolidating the rapid concentration of capital. It is a political, economic and political project that constitutes an ideology, mode of governance, policy and form of public pedagogy.
As an ideology, it construes profit-making as the essence of democracy, consuming as the only operable form of citizenship, and an irrational belief in the market to solve all problems and serve as a model for structuring all social relations.
As a mode of governance, it produces identities, subjects, and ways of life free of government regulations, driven by a survival of the fittest ethic, grounded in the idea of the free, possessive individual, and committed to the right of ruling groups and institutions to accrue wealth removed from matters of ethics and social costs.
As a policy and political project, neoliberalism is wedded to the privatization of public services, selling off of state functions, deregulation of finance and labor, elimination of the welfare state and unions, liberalization of trade in goods and capital investment, and the marketization and commodification of society.
Neoliberalism drains the pubic treasury while feeding the profits of the rich and the voracious military-industrial complex. In the end, it abolishes institutions meant to eliminate human suffering, protect the environment, ensure the right of unions, and provide social provisions. It has no vision of the good society or the public good and it has no mechanisms for addressing society's major economic, political, and social problems.
Polychroniou: You claim neoliberalism is the most dangerous ideology of our times. In what ways?
Giroux: Neoliberalism creates a political landscape that destroys the social state, social protections, and democracy itself. As a theater of cruelty, it produces massive inequality in wealth and income, puts political power in the hands of ruling financial elites, destroys all vestiges of the social contract, and increasingly views those marginalized by race, class, disability and age as redundant and disposable. It facilitates the dismantling of democracy and the rise of the punishing state by criminalizing social problems and ruling through a crime-control complex. It also removes economics and markets from the discourse of social obligations and social costs.
The results are all around us, ranging from ecological devastation and widespread economic impoverishment to the increasing incarceration of large segments of the population marginalized by race and class.
The language of possessive individualism now replaces the notion of the public good and all forms of solidarity not aligned with market values. Under neoliberalism the social is pathologized.
As public considerations and issues collapse into the morally vacant pit of private visions and narrow self-interests, the bridges between private and public life are dismantled, making it almost impossible to determine how private troubles are connected to broader public issues. Long-term investments are now replaced by short-term profits while compassion and concern for others are viewed as a weakness.
originally posted by: FyreByrd
He describes in two paragraphs here what I could not in several pages about the destrictiveness of Neo-Liberal ideology (Neo-Liberal meaning unregulated laissez faire capitalism as the solution to all problems).
I just can't say it better.
He describes in two paragraphs here what I could not in several pages about the destrictiveness of Neo-Liberal ideology (Neo-Liberal meaning unregulated laissez faire capitalism as the solution to all problems).
originally posted by: charles1952
a reply to: Psynic
That's not the only place to be lost. This is just a party meeting where everyone is checked out on their ideological correctness and proper use of phrases.
He describes in two paragraphs here what I could not in several pages about the destrictiveness of Neo-Liberal ideology (Neo-Liberal meaning unregulated laissez faire capitalism as the solution to all problems).
Neo-liberalism, under this definition, is an ideology which doesn't exist. Nobody has ever (unless drunk) suggested that unregulated laissez faire capitalism is the solution to all problems. Even Adam Smith (The Wealth of Nations) had a companion volume on essentials of morality for a free market system.
originally posted by: FyreByrd
He describes in two paragraphs here what I could not in several pages about the destrictiveness of Neo-Liberal ideology (Neo-Liberal meaning unregulated laissez faire capitalism as the solution to all problems).
I just can't say it better.
originally posted by: Psynic
Destrictiveness??
You lost me.
The first condition for the establishment of perpetual peace is the general adoption of the principles of laissez-faire capitalism.
Representative or parliamentary government (also called government by the people or democratic government) is government by officeholders designated by the majority of the people. Demagogues tried to justify it by ecstatic babble about the supernatural inspiration of majorities. However, it is a serious mistake to assume that the nineteenth-century liberals of Europe and America advocated it because they believed in the infallible wisdom, moral perfection, inherent justice, and other virtues of the common man and therefore of majorities.
The liberals wanted to safeguard the smooth evolution of all peoples' prosperity and material as well as spiritual well-being. They wanted to do away with poverty and destitution. As a means to attain these ends they advocated institutions that would make for peaceful cooperation of all citizens within the various nations as well as for international peace.
They looked upon wars, whether civil wars (revolutions) or foreign wars, as a disturbance of the steady progress of mankind to more satisfactory conditions. They realized very well that the market economy, the very basis of modern civilization, involves peaceful cooperation and bursts asunder when people, instead of exchanging commodities and services, are fighting one another.
]The principles and theories presented in this book call for a society of laissez-faire capitalism.
--George Reisman, Toward the Establishment of Laissez-faire Captialism
originally posted by: charles1952
a reply to: FyreByrd
Dear FyreByrd,
While I am tempted to post a critique, I owe it to you to know a little more before I can have a reasonable opinion one way or the other.
Do you like him because he is a Marxist-Socialist, because you agree with him, because his writing is a model of concise, lucid thought, or because of some combination of two or three of those?
Do you think the material you posted is a good example of concise and brilliant writing?
With respect,
Charles1952
originally posted by: Psynic
originally posted by: FyreByrd
He describes in two paragraphs here what I could not in several pages about the destrictiveness of Neo-Liberal ideology (Neo-Liberal meaning unregulated laissez faire capitalism as the solution to all problems).
I just can't say it better.
Destrictiveness??
You lost me.