11min chapter

Capitalisn't cover image

When Capitalism Becomes Tyranny, with Sohrab Ahmari

Capitalisn't

CHAPTER

The Development of Neoliberalism and the Critique of Power Imbalance

This chapter explores the development of neoliberalism and its convergence with economic beliefs from both the far left and far right. It discusses the neglect of power in neoclassical economics, the coercive nature of the market system, and the critique of today's left in overlooking power imbalances. The chapter also delves into the problems with liberalism and neoliberalism, highlighting the need for countervailing power and a manufacturing-oriented high-wage economy.

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