Thursday, May 19, 2016

Neoliberalism

The heart of our system whose premises we unconsciously accept as the only reality. From this article. See it for much more detail.

"We internalise and reproduce its creeds. The rich persuade themselves that they acquired their wealth through merit, ignoring the advantages -- such as education, inheritance and class -- that may have helped to secure it. The poor begin to blame themselves for their failures, even when they can do little to change their circumstances."


"So pervasive has neoliberalism become that we seldom even recognise it as an ideology. We appear to accept the proposition that this utopian, millenarian faith describes a neutral force; a kind of biological law, like Darwin's theory of evolution. But the philosophy arose as a conscious attempt to reshape human life and shift the locus of power."

"Attempts to limit competition are treated as inimical to liberty. Tax and regulation should be minimised, public services should be privatised. The organisation of labour and collective bargaining by trade unions are portrayed as market distortions that impede the formation of a natural hierarchy of winners and losers. Inequality is recast as virtuous: a reward for utility and a generator of wealth, which trickles down to enrich everyone. Efforts to create a more equal society are both counterproductive and morally corrosive. The market ensures that everyone gets what they deserve."


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