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Write a book review of neoliberal capitalism
the emerging dominance of US hegemonic values following the. A Brief History slowly reveals the rhetoric of neoliberal discourse as fallacies. In all nations that have moved to this direction, there was a sharp increase in social inequality and the redistribution of economic resources to the upper classes, which had been in decline under Keynesian embedded liberalism. And indeed, the subsequent rise of Apple, the internet, Twitter, Facebook, Amazon and Google Glass means that today we live in nothing like the nightmare Orwell imagined. And, while not Orwellian, we net-worked moderns have our own Newspeak. Governments use neoliberal crises as both excuse and opportunity to cut taxes, privatise remaining public services, rip holes in the social safety net, deregulate corporations and re-regulate citizens. As Tony Judt pointed out in Ill Fares the Land, Hayek forgot that vital national services cannot be allowed to collapse, which means that competition cannot run its course. Smartphones have been substituted for torture chambers. We find that Charles Koch, in establishing one of his thinktanks, noted that in order to avoid undesirable criticism, how the organisation is controlled and directed should not be widely advertised. Neoliberal policies are everywhere beset by market failures.
The book is aimed at the general reader and is a non-technical, concise introduction to many of the key features of neoliberal theory: the economic practices proposing that human wellbeing can be attained by reducing state intervention, promoting free markets and maximizing individual liberty (Harvey. The market sounds like a natural system that might bear upon us equally, like gravity or atmospheric pressure. Then a maverick athlete-cum-Steve-Jobs-lackey hurled a sledgehammer at the screen, shattering it and bathing workers in healing light. The financial and economic collapse that began in the United States in 2008 and spread to the rest of the world continues to burden the global economy. In a chapter. They are diabolical precisely because they got us to play that role ourselves. Those who own and run the UKs privatised or semi-privatised services make stupendous fortunes by investing little and charging much. Interest payments, overwhelmingly, are a transfer of money from the poor to the rich. Neoliberalism as Creative Destruction, The Annals of the American Academy, 610, 22-44. The nouveau riche were once disparaged by those who had inherited their money. Profit over People Neoliberalism and Global Order.
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