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Neoliberalism Quotes

Browse 134 quotes about Neoliberalism.

Neoliberalism Quotes

“Today, nearly every government in the world, rich and poor alike, is focused single-mindedly on GDP growth. This is no longer a matter of choice. In a globalised world where capital can move freely across borders at the click of a mouse, nations are forced to compete with one another to attract foreign investment. Governments find themselves under pressure to cut workers’ rights, slash environmental protections, open up public land to developers, privatise public services – whatever it takes to please the barons of international capital in what has become a global rush towards self-imposed structural adjustment. All of this is done in the name of growth.”

“With the growth of market individualism comes a corollary desire to look for collective, democratic responses when major dislocations of financial collapse, unemployment, heightened inequality, runaway inflation, and the like occur. The more such dislocations occur, the more powerful and internalized, Hayek insists, neoliberal ideology must become; it must become embedded in the media, in economic talking heads, in law and the jurisprudence of the courts, in government policy, and in the souls of participants. Neoliberal ideology must become a machine or engine that infuses economic life as well as a camera that provides a snapshot of it. That means, in turn, that the impersonal processes of regulation work best if courts, churches, schools, the media, music, localities, electoral politics, legislatures, monetary authorities, and corporate organizations internalize and publicize these norms.”

“Sadly, some people are fighting so hard to do wrong things. To abuse and oppress others. To stop progress and development. To infect others with a virus or to kill others. They see themselves as gods of this earth who decide who should live or die and how people should live.”

“Beyond the speculative and often fraudulent froth that characterizes much of neoliberal financial manipulation, there lies a deeper process that entails the springing of ‘the debt trap’ as a primary means of accumulation by dispossession. Crisis creation, management, and manipulation on the world stage has evolved into the fine art of deliberative redistribution of wealth from poor countries to the rich. I documented the impact of Volcker’s interest rate increase on Mexico earlier. While proclaiming its role as a noble leader organizing ‘bail-outs’ to keep global capital accumulation on track, the US paved the way to pillage the Mexican economy. This was what the US Treasury–Wall Street–IMF complex became expert at doing everywhere. Greenspan at the Federal Reserve deployed the same Volcker tactic several times in the 1990s. Debt crises in individual countries, uncommon during the 1960s, became very frequent during the 1980s and 1990s. Hardly any developing country remained untouched, and in some cases, as in Latin America, such crises became endemic. These debt crises were orchestrated, managed, and controlled both to rationalize the system and to redistribute assets. Since 1980, it has been calculated, ‘over fifty Marshall Plans (over $4.6 trillion) have been sent by the peoples at the Periphery to their creditors in the Center’. ‘What a peculiar world’, sighs Stiglitz, ‘in which the poor countries are in effect subsidizing the richest.”

“Neoliberalism is essentially an intentionally imprecise stand-in term for free market economics, for economic sciences in general, for conservatism, for libertarians and anarchists, for authoritarianism and militarism, for advocates of the practice of commodification, for center-left or market-oriented progressivism, for globalism and welfare state social democracies, for being in favor of or against increased immigration, for favoring trade and globalization or opposing the same, or for really any set of political beliefs that happen to be disliked by the person(s) using the term.”

“…the end of the Cold War has brought not prosperity for all but a pitiless economic struggle for pole-position on the food chain of information capitalism. The neoliberalism and neocolonialism of the 1990s are the direct heir of the Manchester liberalism and colonialism of the 1890s, the only difference being that whereas Victorian rentiers extracted their Imperial textile-rents from the labor of the Great Unwashed, their postmodern analogues on Wall Street speculate on the viewing-rents of the Great Unwatched.”

“In April 2001, a student group called the Progressive Student Labor Movement took over the offices of the university’s president, demanding a living wage for Harvard janitors and food workers. That spring, a daily diversion on the way to class was to see which national figure—Cornel West or Ted Kennedy one day, John Kerry or Robert Reich another—had turned up in the Yard to encourage the protesters. Striding past the protesters and the politicians addressing them, on my way to a “Pizza and Politics” session with a journalist like Matt Bai or a governor like Howard Dean, I did not guess that the students poised to have the greatest near-term impact were not the social justice warriors at the protests […] but a few mostly apolitical geeks who were quietly at work in Kirkland House”

“Kalecki thus precisely predicted the economic and political U-turn that occurred with the advent of neoliberalism. Kalecki also argued that fundamental institutional changes, especially regarding wage-setting and other aspects of the employment relationship, would be essential if full employment was to be sustained.”

“Neoliberalism, arguably, sets the course for this kind for this kind of neo-extremism, this right-wing extremism that we are facing. The only way we solve that crisis, the rise of the right-wing extreme, is by truly progressive policies that address this crisis of economic security. That will not come from the lesser evil.”

“We often confuse or loosely use the ideas of crony capitalism or neoliberalism to actually avoid using the word "capitalism", but once you've actually seen, let's say, what's happening in India and the United States - that this model of US economics packaged in a carton that says "democracy" is being forced on countries all over the world, militarily if necessary, has in the United States itself resulted in 400 of the richest people owning wealth equivalent [to that] of half of the population.”

“One of the things that neoliberalism does is, it relies on flexible workforces who are hired and fired at will and who are basically disposable labor. You can use them. You can get rid of them. They have no rights; they have no security. Their lives and well-being are made and unmade at the whim of those who are exercising the calculus. So, instead of looking at the institution and objecting to that kind of organization, people just go, "I'm a failure;"; "I'm not working hard enough"; or, "I'm not as smart as the next person."”

“Globalization and the neoliberal economic model have already been rejected in Latin America; it simply hasn't been a solution for our people. At the same time, Latin countries like Venezuela and Argentina are anti-imperialist and anti-globalization, and yet their economies are growing again.”

“Only a crisis - actual or perceived - produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are lying around. That, I believe, is our basic function: to develop alternatives to existing policies, to keep them alive and available until the politically impossible becomes the politically inevitable.”

“Neoliberal democracy. Instead of citizens, it produces consumers. Instead of communities, it produces shopping malls. The net result is an atomized society of disengaged individuals who feel demoralized and socially powerless. In sum, neoliberalism is the immediate and foremost enemy of genuine participatory democracy, not just in the United States but across the planet, and will be for the foreseeable future.”

“Neoliberalization has not been very effective in revitalizing global capital accumulation, but it has succeeded remarkably well in restoring, or in some instances (as in Russia and China) creating, the power of an economic elite. The theoretical utopianism of neoliberal argument has, I conclude, primarily worked as a system of justification and legitimation for whatever needed to be done to achieve this goal.”

“All cultures forged by nations—the noble indigenous past of America, the brilliant civilization of Europe, the wise history of Asian nations, and the ancestral wealth of Africa and Oceania—are corroded by the American way of life. In this way, neoliberalism imposes the destruction of nations and groups of nations in order to reconstruct them according to a single model. This is a planetary war, of the worst and cruelest kind, waged against humanity.”