31min chapter

New Economics Podcast cover image

Neoliberalism: The Invisible Ideology, with George Monbiot

New Economics Podcast

CHAPTER

The Exploitation of Madeira and the Rise of Neoliberalism

This chapter explores the exploitation of Madeira for sugar production by Portuguese settlers and the subsequent collapse due to resource depletion, shaping the early capitalist model. It delves into the concepts of terra nullius and John Locke's justification of land ownership through labor mixing, which laid the foundation for capitalism and slave ownership. The chapter also touches on the emergence of neoliberalism as a response to the conflict between capitalism and democracy, its spread in the mid-20th century, and how it disenfranchises certain groups while promoting the interests of the wealthy.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode