Dangerous Neoliberalism Edition
Sometimes you find a paragraph that says what you would like to say brilliantly and this is one of those paragraphs.
Many times I’ve tried to explain the impact of free market fundamentalism, Hayek, Milton Friedman and Ayn Rand, all of whose combined effect might well be summed up by the word, neoliberalism.
“Perhaps the most dangerous impact of neoliberalism is not the economic crises it has caused, but the political crisis. As the domain of the state is reduced, our ability to change the course of our lives through voting also contracts. Instead, neoliberal theory asserts, people can exercise choice through spending. But some have more to spend than others: in the great consumer or shareholder democracy, votes are not equally distributed. The result is a disempowerment of the poor and middle. As parties of the right and former left adopt similar neoliberal policies, disempowerment turns to disenfranchisement. Large numbers of people have been shed from politics.”
I think Donald Trump is President now due in part to feelings of powerlessness on the part of the middle class due to their loss of economic and political power — and much more due to Hilary Clinton’s embrace of this maniacal philosophy more worthy of a James Bond Villain than someone wanting to be the leader of a free people.