Notes on neoliberalism and financialisation
Neoliberalism: Springer et al 2016. Define neoliberalism as the “new political, economic and social arrangements within society that emphasise market relations, a re-tasking of the role of the state and individual responsibility.” They go on to argue that neoliberalism extends the competitive markets into all areas of life including the economy, politics and society. NB: Key idea of neoliberalism in politics – death of the labour party as they rewrote clause IV which resulted in no longer seeking to nationalise key industries, this could be seen as a betrayal of socialist values and demonstrates the success of neoliberalism. This breaks away from the longest suicide note in history termed by Kaufman where greater state ownership was proposed. A Multi-faceted Concept: An Ideology A hegemonic ideology since the last four decades which aims to roll back the frontiers of the state to embody classical forms of liberalism. Consider the hegemonic stability theor...
