LABRST 2G03 Chapter Notes - Chapter 1: Market Fundamentalism, Welfare Rights, Creative Destruction
26 Jan 2017
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Neoliberalism as creative destruction by david harvey reading notes. Author argues that neoliberalism was a project to restore class dominance in sectors that saw their fortunes threatened by the ascent of social democratic beliefs following ww2. Neoliberalism has succeeded in channelling wealth from subordinate classes to dominant ones and from poorer to richer countries. State after state have embraced, sometimes voluntarily and sometimes in response to coercive pressures, some version of neoliberal theory and adjusted at least some of their policies/practice accordingly. Even social democratic states like new zealand and sweden. Advocates of the neoliberal mindset occupy positions of influence such as in education, the media, in corporate board rooms and financial institutions, in key state institutions and in international institutions (ie. international monetary fund, Neoliberalism has become hegemonic in how we live and understand the world. All states that sign onto the wto and imf agree to abide by these rules or face severe penalties.
