The Secret History of Neoliberalism (w/ George Monbiot) | The Chris Hedges Report

Oct 9, 2024

George Monbiot, a British journalist and environmental activist, delves into the complex roots of neoliberalism. He critiques how this system prioritizes profit over human and environmental well-being, labeling it 'totalitarian capitalism.' Monbiot discusses the erosion of public services, particularly the UK's NHS, and highlights the manipulation of concepts like freedom and consumerism under neoliberal policies. They explore the paradoxes of this ideology, including wealth consolidation and the rise of chaos-driven leaders, while warning against the allure of conspiracy theories that distract from systemic issues.

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Intro

00:00 • 6min

Unions vs Neoliberalism: A Historical Analysis

05:36 • 21min

The Crisis of Public Healthcare: Underfunding and Privatization of the NHS

26:36 • 4min

The Paradoxes of Neoliberalism

30:11 • 11min

The Rise of Warlord Capital and the Embrace of Chaos

41:36 • 4min

The Disempowering Allure of Conspiracy Fictions

46:03 • 3min

Watch this interview at: https://www.youtube.com/watch?v=see5c5Sgi14

The current world order is designed to be complex and confusing. Its function enshrines the power of our rulers, who purposely obscure its origins and underlying philosophy. Politicians, the media, so-called intellectuals at think tanks — along with the inertia of systemic falsehoods — perpetuate this veiled system. Neoliberalism has maintained its dominance through exploiting the many to sustain the prosperity of the few.

The discussion, Hedges and Monbiot make clear, extends far beyond economics and policy decisions. Neoliberalism affects every aspect of people’s lives and for this reason, it remains an elusive topic of discussion amongst its victims and beneficiaries. “Neoliberalism has permitted a kind of full spectrum capitalism, which could be described as totalitarian capitalism in that it penetrates every aspect of our lives,” Monbiot tells Hedges. “Everything becomes monetized, everything becomes commoditized, even our relations with each other.”

Neoliberalism establishes a tollbooth over the essential systems necessary for human survival. With little regard for regulation (other than its diminishment), the law or the overall well-being of humans and the planet, this system enables “this tremendously rich class of oligarchs emerging out of the rentier economy [to use] their exclusive capture of assets, assets which the rest of us need, to ensure that we pay way over the odds to them in order to use those assets.”

Monbiot illustrates this dynamic through his own experiences in the United Kingdom, referencing the privatization of the water supply, which allows for private companies to charge outrageous fees, invest minimally in maintenance and use rivers as sewers. “We have no choice,” Monbiot says. “We have to use the water. There's only one supplier in each region of the UK, so we have to go with that supplier. So they can charge pretty well what they want. There is a regulator which is supposed to limit that, but the regulator, as so often happens with neoliberalism, has been completely captured by the industry it is supposed to regulate.”