
New Economics Podcast
Neoliberalism: The Invisible Ideology, with George Monbiot
Jun 11, 2024
George Monbiot discusses the impact of neoliberalism on democracy and society. They explore how neoliberalism promotes individualism and free markets, attributing economic struggles to individuals. The podcast delves into the history of capitalism, the exploitation of resources, and the commodification of healthcare under neoliberalism. It also touches on the decline in mental wellbeing in the UK due to neoliberal policies and the importance of using restoration stories to counter neoliberalism.
55:07
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Quick takeaways
- Neoliberalism promotes individual blame over societal responsibility, exacerbating mental health issues.
- Privatization of essential services under neoliberalism prioritizes profit over public access and needs.
Deep dives
Defining Capitalism and Its Origins
Capitalism is not merely about ordinary market transactions but includes the commodification of land, labor, and money. The origins of capitalism can be traced back to Madeira in the 15th century, where the commoditization of these resources led to both explosive productivity and abrupt collapses in economic systems.
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