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Apr 6, 2019 · To gain the moral high ground, neoliberals presented the notion of consumer democracy as the real economic democracy, which, in contrast to the socialist ideal, effectively ensured that all members of society could hold a share in economic decision-making, power, and wealth.
- Symbol Crash
- Order, Order
- Mis-Direction
These headlines are not, however, a fundamental threat to the actual status of the bankers. They, and other powerful elites, can withstand such criticism without lasting impact because the system of power that sustains them is not vulnerable to this kind of symbolic moral criticism. It provides an extensive set of moral claims that is much more com...
Notably, each of the last three British Prime Ministers have at different time issued appeals for a more moral capitalism (Tony Blair and Gordon Brown), or more moral business sector (David Cameron) in response to a range of problems including bribery, high risk financial activities, interest-rate fixing and rising executive pay. That idea of simpl...
These ideas seek to infiltrate our entire moral view of the world. Neoliberal restructuring is therefore a political-economic and moral project that targets not just the economy, but also society and culture, in its ambition to re-create societies as ever more crass capitalist market societies. As Margaret Thatcher once rather chillingly said in an...
Jun 9, 2021 · Neoliberalism holds that a society’s political and economic institutions should be robustly liberal and capitalist, but supplemented by a constitutionally limited democracy and a modest welfare state. Neoliberals endorse liberal rights and the free-market economy to protect freedom and promote economic prosperity.
Oct 10, 2024 · Finally, neoliberalism weakened democratic accountability, because the global elites and corporations have disproportionate decision-making power. This has resulted in a lack of transparency, accountability, and democratic control over economic decision-making, leading to disillusionment with democratic institutions and a sense of powerlessness among citizens.
Apr 5, 2022 · Hayek, von Mises, and other pioneering neoliberals wanted to be seen as the creators of a disciplined “thought collective” with the ability to unleash a singularly fresh and coherent liberal ideology on the world. 1 Close Their myth of a new, powerful, and monolithic creed has shaped the writing of a good deal of the history of neoliberalism.
The most common argument for distinction is that neoliberalism, in order to reinvigorate markets, requires far more state intervention than classical liberalism ever did. 4 Close I agree with the claim that strong states are necessary to organize (vibrant) markets, but I dispute the contention that the turn to strong states was a development that only began with the advent of neoliberalism ...
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The Ethics of Neoliberalism boldly proposes that neoliberalism strategically co-opts traditional ethics to ideologically and structurally strengthen capitalism. It produces "the ethical capitalist subject" who is personally responsible for making their society, workplace and even their lives "more ethical" in the face of an immoral but seemingly permanent free market.
