Funding the Future What comes after neoliberalism?
Oct 14, 2025
Neoliberalism, once heralded for promises of growth, has led to rising inequality and financial chaos. The conversation dives into its failures, highlighting the need to shift from market-centric ideologies to people-focused policies. A new economic approach prioritizes care and well-being over profit, challenges the myths of scarcity, and encourages public investment. The discussion emphasizes redistributing wealth and developing better jobs, advocating for a courageous state that places democracy and community at its core.
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Neoliberalism's Broken Promises
- Neoliberalism promoted markets-over-state, tax cuts for the rich, and anti-regulation as central dogma.
- Richard Murphy argues these policies produced austerity, hollowed services, and rising inequality instead of promised prosperity.
Ideology Exhausted By Real-World Failures
- Neoliberalism has produced financial crises, stalled wages, and worsened climate and pandemic vulnerabilities.
- Murphy says the ideology is exhausted and collapsing under its own failures.
Markets Are Not Delivering Innovation
- Markets no longer drive meaningful innovation and private sector dominance hollowed out public services.
- Murphy claims our markets are moribund and neoliberal promises of vibrant innovation have failed.