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SOSC 1520 (8)
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Reading notes a brief history of neoliberalism.docx

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Department
Social Science
Course
SOSC 1520
Professor
John Hutcheson
Semester
Fall

Description
AbriefhistoryofneoliberalismByDavidHarvey01082013FreedomisjustanotherwordForanideatobecomepowerfulandingrainingitmustappealtothefundamentalvaluesystemsanddesiresofalargeaudienceAfterWWIIfreedombecametheideathatfoughtbackagainstFascismdictatorshipsandcommunismFreedomempowerstheindividualThevalueandmeaningtothewordfreedomhasbeentwistedbytheBushadministrationandwasusedastheonlyexcusetoinvadeIraqandliberateitspeopleThePrimaryGoaloftheUSwrittenonSept192003wastheprivatizationofallenterprisesandservicesinIraqThisagendawasobvioushiddenfromtheAmericanpeopleTheordersweretoapplytoallareasoftheeconomyincludingpublicservicesthemediamanufacturingservicestransportationfinanceandconstructionOnlyoilwasexemptpresumablybecauseofitsspecialstatusasrevenueproducertopayforthewaranditsgeopoliticalsignificanceP6AnoccupiedIraqwiththesetraderuleswouldbedefinedasaNeoliberalStateInthe1950theuniversityofChicagotrainedeconomiststoconvertChileintoafreetradecountryandthwartleftistthinkingTheyconvincedChiletoprivatizetheirnaturalresourcesandtakeloansfromtheIMFChilewastoldtostockpileandselltheircopperLikeoilinIraqandwatchtherevenuestreaminThislastashortwhileuntilthe1982LatinAmericanDebtcrisisChilewastheexperimentationgroundsforneoliberalismanditsmodelwasadoptedbyBritainandtheUSAReaganadministrationTheUSmayhaveplayedalargeroleinthespreadofNeoliberalismbuttheywerenotthesolecauseWhyhasNeoliberalismbecomesohegemonicwithGlobalCapitalismAfterWWIIitwasrealizedthattherawformsofcapitalismandcommunismhadfailedandthecorrectblendistheonlysolutionTheBrettonWoodsagreementandmanyinstitutionsliketheIMFandWorldBankweremadetostabilizeinternationaltradeUSturnedtogoldstandardTheKeynesianstatewasmadetodampentheeconomiccycleandensurefullemploymentthroughwelfareTheNeoliberalstateaimstoremovethesocialwelfareoftheKeynesianstateTherewasastockmarketcrashinthe1970sthatrattledthefirstworldAnincreasingnumberofpeoplewereunemployedInflationraterose
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