George Monbiot Meets Nish Kumar - The Secret History of Neoliberalism
May 28, 2024
auto_awesome
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.
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.
Promoting participatory deliberative democracy and economic community control can counter neoliberal dominance and nurture transformative progressive movements.
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.
Neoliberal inception and influence through history
The concept of neoliberalism dubbed in 1938 shifted focus to restricting welfare state emergence, associating state intervention with totalitarianism. The Mount Pelerin Society established in 1947 built a global network to promote neoliberal ideologies. Neoliberal ideas, later adopted by Thatcher and Reagan, sought to dismantle state influence, maximizing the power of corporations at the expense of social benefit.
Post-2008 neoliberal impact and narrative
The 2008 financial crisis debunked the neoliberal theory and practices, leading to economic destabilization with lasting effects on real wages. Despite this refutation, neoliberalism persisted, sustained by a well-crafted narrative. The absence of a competing narrative allowed neoliberal ideology to shape public discourse, maintaining its dominance in politics and economics despite devastating consequences.
Building a Politics of Belonging and Restoring Harmony
Creating a politics of belonging involves translating care, empathy, and altruism into a participatory deliberative democracy that challenges representative democracy. This approach emphasizes community control over economic assets to restore humanity and harmony to the land, promoting a narrative that weaves together diverse economic and political perspectives.
Creating Alternatives and Inspiring Social Change
In response to challenges like misinformation and right-wing media, building alternative political structures and engaging in participatory democracy can lead to transformative social change. By inspiring people with a positive vision and constructive ideas, society can reach tipping points that redefine the status quo and drive progressive movements forward, overcoming traditional political divisions and fostering community-led leadership.
An iconoclast unafraid to speak truth to power, George Monbiot has been fighting for a better future for our planet for decades. In this episode, he joins comedian and podcaster Nish Kumar to share his insights into the ideology that preys on every aspect of our lives – neoliberalism.
Revealing how the network of neoliberalism 'kicks down and kisses up', George shows us how this fringe philosophy was adopted by wealthy elites and came to dominate our society and our economy. But nothing is inevitable. Although we may believe that a better world is an impossible fantasy, George and Nish show us that this could not be further from the truth - and deliver a rallying cry for all of us to fight back.