One thought on “Doug Henwood on Neoliberalism – A History of How the Super-Rich Stole Democracy

  1. Neoliberalism, created by libertarians, was far from an intellectual ideology. It was sophisticated in its deception, that is all. They knew that the only way to enforce economic fascism (and liberty) around the world was through military coercion, if necessary.

    “If you’re not willing to kill everybody who has a different idea than yourself, you cannot have Frederick Hayek’s free market. You cannot have Alan Greenspan or the Chicago School, you cannot have the economic freedom that is freedom for the rentiers and the FIRE (finance, insurance, real estate) sector to reduce the rest of the economy to serfdom.” ~ Michael Hudson

    “To allow the market mechanism to be the sole director of the fate of human beings and their natural environment…would result in the demolition of society.” ~ Karl Polanyi, 1944

    “In 1945 or 1950 if you had seriously proposed any of the ideas and policies in today’s standard neo-liberal toolkit, you would have been laughed off the stage or sent off to the insane asylum.” ~ Susan George

    Do not confuse the economic – oikos nomia – the norms of running home and community with chrematistics – krema atos – the accumulation of money. ~ Aristotle

    Today’s economics students and graduates have been done a terrible disservice by not learning the truth about economics. They are not taught pluralism, economic history, nor do they discuss money, debt or banks!

    “…If you look at mainstream economics there are three things you will not find in a mainstream economic model – Banks, Debt, and Money.

    How anybody can think they can analyze capital while leaving out Banks, Debt and Money is a bit to me like an ornithologist trying to work out how a bird flies whilst ignoring that the bird has wings…”
    ― Steve Keen

    “Economics students are forced to spend so much time with this complex calculus so that they can go to work on Wall St. that there’s no room in the course curriculum for the history of economic thought. So all they know about Adam Smith is what they hear on CNN news or other mass media that are a travesty of what these people really said and if you don’t read the history of economic thought, you’d think there’s only one way of looking at the world and that’s the way the mass media promote things and it’s a propagandistic, Orwellian way.

    The whole economic vocabulary is to cover up what’s really happening and to make people think that the economy is getting richer while the reality is they’re getting poorer and only the top is getting richer and they can only get rich as long as the middle class and the working class don’t realize the scam that’s being pulled off on them.”
    ~ Michael Hudson


Comments are closed.