Tag Archives: neoliberalism

Market Forecasting: A Sensitive Practice at the Heart of Neoliberal Capitalism

by Stefan Leins* Since the emergence of modern financial markets, financial analysts have played a critical role in producing visions of “the economy” and its future development. As experts, they analyze market developments and predict future scenarios that enable other financial … Continue reading

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Thatcherism’s greatest achievement

In 2002, twelve years after Margaret Thatcher left office, she was asked at a dinner what was  her  greatest  achievement.  Thatcher  replied:  “Tony  Blair  and  New  Labour.  We forced our opponents to change their minds.”  (Conor Burns, April 11, 2008) *** … Continue reading

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A Critique of the Critique of Finance: Critics of neoliberal capitalism rarely recognize the productive power of speculation

by Martijn Konings*  If there is one theme that unites the various critiques of contemporary finance, it is the emphasis on its speculative character. Financial growth is said to be driven not by the logic of efficient markets, but rather … Continue reading

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Social Media, Authoritarian Capitalism, and Donald Trump

by Christian Fuchs* In the years from 1986 until 1999, the leader of the Austrian Freedom Party Jörg Haider with the help of anti-immigration slogans, politics as entertainment, a juvenile and dynamic habitus, as well as ridicule of opponents led his … Continue reading

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Calling for Resistance: the Electronic Panopticon of Call Centers and the Neoliberal Future of Work

by Jamie Woodcock* For Working the Phones: Control and Resistance in Call Centres, I spent six months working undercover in a call centre in the UK. Taking inspiration from workers’ inquiry – a Marxist method of co-research that combines knowledge production with organising … Continue reading

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Foucault: Neoliberalism is not laissez-faire, but permanent vigilance, activity, and intervention

The following Michel Foucault’s sharp insights on neoliberalism were presented during his lecture series “The Birth of Biopolitics” at the Collège de France in 1979 — a few months before Thatcher and Reagan took power, but several decades after Walter Lippmann, … Continue reading

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World Inequality Report 2018: Great Data, Bright Analysis, Perturbing Reality

The World Inequality Lab led by Thomas Piketty, Emmanuel Saez, Gabriel Zucman, Facundo Alvaredo and Lucas Chancel released today the first of its kind World Inequality Report 2018. The Report aims to become the comprehensive reference report on income and wealth inequality around … Continue reading

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Paul Samuelson: Chicago is not so much a place as a state of mind

In 1954 a future Nobel laureate in economic sciences Paul Samuelson published one of his seminal articles “The Pure Theory of Public Expenditure”, which formalized the concept of public goods (which he called “collective consumption goods”) — i.e. goods that … Continue reading

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Is Homo Economicus Dead?

by Peter Fleming* In Martin Scorsese’s film The Wolf of Wall Street the narcissistic, egotistical and money hungry investment banker Jordan Belford memorably summed up his attitude to life: “Let me tell you something. There’s no nobility in poverty. I’ve been … Continue reading

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Beyond the Left Turn: The Second Wave of Incorporation of the Popular Sectors in Latin America

by Federico M. Rossi*  Neoliberalism has been defined as crucial to the reformulation of state-society relations in the postcorporatist period because it has undermined the national-populist or – as Cavarozzi and Garretón (1989) called it – “state-centered matrix”, through the weakening, … Continue reading

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