Neoliberalism
Neoliberalism "reduces the state to a handmaiden of transnational capital. In pursuing the relentless privatization of the commons, its policies inevitably spark popular discontent." -Firoze Manji, Beautiful Trouble. [1] Neoliberalism emerged as a set of global policies implemented by the Margaret Thatcher in the UK and Ronald Reagan in the US.
How does neoliberalism work?
Capital, under capitalism, is concentrated. A few hundred corporations control almost every aspect of our economies. Capitalists respond to the falling rate of profit through accumulation by dispossession (credit, property and stock markets). The outcome is governments that are more accountable to corporations, banks, and financial institutions than they are to citizens. Neoliberalism claims to resolve crises by subjecting all aspects of life to the free market.
Examples of neoliberalism
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