The Secret History of Neoliberalism (w/ George Monbiot) | The Chris Hedges Report
Oct 9, 2024
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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.
Neoliberalism's pervasive influence commodifies every aspect of life, including human relationships, while prioritizing economic gain over individual well-being.
The systematic undermining of unions under neoliberalism has entrenched corporate power, leaving workers vulnerable and dismantling collective bargaining rights.
Deep dives
The Impact of Neoliberalism on Society
Neoliberalism has dramatically altered traditional social, cultural, and religious values, positioning the market as a central authority in society. This shift has contributed to widespread disenfranchisement in the industrialized world, leading to an increase in diseases of despair, such as suicide and addiction. The callousness fostered by this ideology has reduced government to a mere system of control, prioritizing economic interests over the well-being of individuals. The result is a society where moral authority has been eroded, leaving many vulnerable individuals seeking solace in extreme ideologies.
Neoliberalism as an Extension of Colonialism
Neoliberalism is viewed as a continuation of colonial exploitation, leveraging capitalism's roots in colonial practices for modern economic challenges. The discussion draws connections between capitalism and colonialism, asserting that neoliberalism seeks to address democracy's conflicts with capital interests, often resorting to oppressive measures. This analysis traces the development of capitalism back to 1450, highlighting its reliance on resource extraction and human labor exploitation. Consequently, neoliberalism serves to reinforce existing power dynamics rather than liberate the working class.
The Erosion of Labor Rights and Unions
One of neoliberalism's fundamental tenets is the portrayal of unions as threats to economic order, effectively undermining collective bargaining rights. Historical narratives reveal how influential neoliberal thinkers initiated a concerted attack on trade unions, aiming to dismantle mechanisms that empower workers and redistribute wealth. The weakening of unions, particularly after significant political shifts in the 20th century, has paved the way for corporate interests to dominate labor markets. This trend has left many workers vulnerable to exploitation, precluding their fundamental rights and benefits.
Language Manipulation and Economic Freedom
Neoliberalism effectively co-opts the language of freedom to mask its exploitative structures, equating unregulated markets with genuine liberty. This manipulation of language obscures the reality that such freedom often leads to greater inequality and systemic oppression for the working class. As a result, policies that promote capital interests are presented as beneficial to democracy, while in fact they serve to disenfranchise the very populace they claim to liberate. The consequences are profound, as society grapples with the dichotomy between true freedom and the captive audience of capitalist structures.
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.”
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