Funding the Future Neoliberalism is dying: what's next?
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Jan 25, 2026 A wide-ranging look at how a decades-long market-first ideology was built and why it is unraveling now. The conversation traces intellectual origins, the rise of rent extraction and tax havens, and how subscription models and financialisation warped markets. It ends by weighing whether the next era will prioritize care and democratic renewal or slide into authoritarian, extractive politics.
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Neoliberalism As A Deliberate Project
- Neoliberalism was a deliberate ideological project promoting 'freedom through markets' that undermined collective welfare.
- Richard Murphy argues it created inequality, precarity and weakened democracy rather than delivering freedom for all.
Origins: Mont Pelerin And The Long Game
- Hayek and Friedman organised their ideas after WWII and formed the Mont Pelerin Society to oppose the post-war consensus.
- Murphy recounts this origin story to show neoliberalism was intentionally built and promoted over decades.
Marketing Neoliberalism To The Wealthy
- Neoliberal ideas appealed to the wealthy by offering moral cover for selfishness and by reframing public provision as weakness.
- Murphy says this marketing normalised contempt for collective provision and made wealth look like merit.