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Introduction Neoliberalism has been one of the most influential and contentious paradigms in modern history, reshaping economies, politics, and societies around the world since the late 20th century. In broad terms, neoliberalism refers to a revival of 19th-century liberal ideas in a new form – a market-centered vision of society that gained ascendancy in the late 1970s and 1980s. It champions free markets, privatization, and a reduced role for the state in economic affairs, claiming that individual freedom and prosperity are best achieved by unleashing market forces. Critics, however, argue that neoliberalism has come at a steep cost: growing inequality,…
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Explore how China transformed from communism to state capitalism under Deng Xiaoping, avoiding Soviet collapse through David Harvey’s analysis of China’s unique economic model.
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This is a podcast on the origins of neoliberalism in the 1970s
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This article was originally posted on the Explaining History Patreon in April. Neoliberalism is a term so over used as it is fast approaching redundancy. Marxists like David Harvey see it as a tool for class retrenchment and the erasing of the modest social democratic gains seen during the post war era in much of the wealthy world (Europe, America, South East Asia). Certain models of neoliberalism such as that of Pinochet’s Chile were achieved through the overthrow of democracy and the introduction of a police state based on murder and torture. In Britain and America democratic instiutions endured and…