Just published, this is a handy booklet that will help you get to grips with that mysterious word, ‘neoliberalism’. It explains what it is, where it came from and where it’s going. Time’s up for neoliberalism also has four policy areas – the environment, economy, culture and democracy – where we put forward some revolutionary solutions. This is vital reading for everyone fighting for real democracy.
Here are a few extracts to whet your appetite:
“This is what neoliberalism was about: it was that political project, and I think the bourgeoisie or the corporate capitalist class put it into motion bit by bit. I don’t think they started out by reading Hayek or anything, I think they just intuitively said, ‘We gotta crush labour, how do we do it?’ And they found that there was a legitimising theory out there, which would support that.” David Harvey.
“When the arguments that would later be central to the neoliberal project first reappeared on any scale in academia and right-wing conservative circles in the late 1960s, they were treated by most political commentators as ancestral voices from an age that was long gone and never to return. But they and it did return ., as the tension between Keynesian solutions to unemployment and price inflation were thrown into sharp relief by the stagflation to which leading capitalist economies unexpectedly succumbed in the 1970s.” David Coates.
The McKinsey Global Institute calculates that 10% of the world’s public companies generate 80% of all profits. Firms with more than $1 billion in annual revenue account for nearly 60% of total global revenues and 65% of market capitalisation.
The derivatives market, by many estimates, is valued at more that $1.2 quadrillion! Some market analysts estimate the derivatives market alone at more than 10 times the size of the total world gross domestic product, or GDP.
“The rise of outsourcing demonstrates that the teleology of the neoliberal state is not towards privatisation in a pure, laissez-faire sense. Rather it is towards new, highly complex alliances between the state and the market, in which power and agency end up in an ambiguous space of ‘governance’ somewhere between the two… the state and the market blend into one another.” William Davies.
Throughout the last four decades, as climate change and eco-destruction have risen up the global agenda, neoliberal dogma has driven policy-making.
Access to the arts and culture is a human right not a luxury. Therefore, culture and knowledge in the arts should be co-owned, controlled and managed by those who create it and those who participate in it.
Together we can release the revolutionary potential of science, technology and technique to minimise resource use and eliminate waste, creating a society based on cooperation, satisfying the needs of all.
Extending and expanding democracy to give expression to what the term actually means – the power and rule of the people themselves – has to focus on building a momentum which leads to the dismantling of the existing state and all its institutions. In its place, the people themselves would develop a transitional democratic state that takes forward the achievements of the last 200 years.
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