A Brief History of Neoliberalism

In 'A Brief History of Neoliberalism,' David Harvey provides a detailed examination of the rise and spread of neoliberalism.

He argues that neoliberalism is not just an economic theory but a political project aimed at restoring the power of economic elites.

Harvey traces the history of neoliberalism from its intellectual roots in thinkers like Friedrich von Hayek and Milton Friedman to its practical implementation in countries such as Chile under Pinochet, the United States under Reagan, and the UK under Thatcher.

He critiques neoliberal policies for exacerbating economic and social inequality, promoting financialization, and undermining democratic institutions.

The book also explores the concept of 'accumulation by dispossession,' where capital expands by dispossessing people of their economic rights and resources.

Harvey concludes by discussing the failures of neoliberalism and suggesting alternative modes of organizing society to reduce inequality and improve outcomes for ordinary people.