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George Monbiot Meets Nish Kumar - The Secret History of Neoliberalism
May 28, 2024
George Monbiot and Nish Kumar delve into the dark history of neoliberalism, exposing its impact on society and the economy. They discuss the rise of a wealthy elite, the flaws of trickle-down economics, privatization's effects, and the need to challenge neoliberal narratives. The conversation also touches on entrepreneurship, political stances, redefining leadership, and driving change for a better future.
01:28:19
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Quick takeaways
- Neoliberalism emerged to curb capitalist exploitation through taxation and welfare creation, resisting laissez-faire capitalism.
- Neoliberal ideologies, embraced by Thatcher and Reagan, dismantled state influence for corporate empowerment despite 2008 crisis repercussions.
Deep dives
The origin of neoliberalism and its response to democracy
Neoliberalism, a response to democracy, emerged to address the constraints imposed by public voting on capitalist exploitation. It aimed to resist capitalism's aggressive tendencies through taxation, wealth redistribution, and welfare state creation, unlike the past laissez-faire capitalism. Democracies modified capitalism's impacts through political action, creating tension with capitalist demands.
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