Neoliberalism.
Abstract
Neo-liberalism refers to the contemporary transformation of capitalism. While claiming to extend laissez-faire economic principles such as free markets and unhampered trade, neo-liberalism essentially seeks state support and intervention for enhancing capital circulation. Prospering out of welfare state dismantling and privatisation of public assets, it asks for deregulation and re-regulation policies that allow higher revenues for the private sector. Neo-liberalism tends to favour the financial and corporate elites, whose share of income and political power has substantially increased. At the same time, the vast majority of the society is tackling with rather negative outcomes of neo-liberalism such as increasingly privatised education, healthcare and housing systems, as well as environmental degradation stemming from an extensive exploitation of resources. Moreover, neo-liberalism depreciates deprived and vulnerable populations that increasingly face displacement in economic, political and symbolic terms.
Alexandri, G. & M. Janoschka (2019): Neoliberalism, 11 pp. [2019]
