Neoliberalism is sold to the public as a simple package that’s easy to understand, in the capable hands of professional politicians and economists. But what lies beneath this pernicious economic idea that is responsible for almost all the chaos we see around the world?
Neoliberalism and neoclassical economics are often terms that are used interchangeably by various economists and financial writers, but actually, there are important differences between the two. We’ve had some requests from readers to make that distinction more obvious, so Claire Connelly has summarised what you need to know.
Paul Verhaeghe, professor of clinical psychology and psychoanalysis, claims we live in an extremely controlling society, where authority has all but disappeared, lapsing into brute force. He says the neoliberal economic order has changed us for the worse, that change cannot be left to the so-called ‘free market’, and that we ourselves must take the first steps towards creating a new social order.
Camp Kotok: Matt Tyrmand from the NGO American Transparency which focuses on government accountability.
Dr Ha-Joon Chang explains why there really isn’t any such thing as a free market.