New Economics Podcast

Neoliberalism: The Invisible Ideology, with George Monbiot

28 snips
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.
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INSIGHT

Capitalism Defined

  • Capitalism isn't simply buying and selling; it's a system of colonial resource extraction.
  • It commodifies land, labor, and money, causing ecological and societal destruction.
ANECDOTE

Terra Nullius and Colonialism

  • John Locke's concept of "terra nullius" justified colonists claiming land in the Americas.
  • It disregarded indigenous people's existing labor and rights, establishing a foundation for capitalist expansion.
INSIGHT

Neoliberalism's Purpose

  • Neoliberalism addresses capitalism's "democracy problem" by promoting free markets and minimal state intervention.
  • It views inequality as beneficial and portrays interference like taxes and welfare as impediments to natural order.
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