The neoliberal program never achieved more than mediocrity and overall it has failed even on its own terms. Worse, it has corrupted government, fractured society and visited destruction upon the Earth. This failure flows from two false premises at the heart of neoliberalism: the libertarian claim that people should be rugged individualists, and the neoclassical claim that free markets usually will automatically optimise an economy.
Behind the votes for Brexit and Trump lies a simple perception: the system is rigged in favour of the rich. That perception is accurate. People may lash out at scapegoats and follow false prophets, but their disgust and alienation are quite justified. Trump promised to break up the cozy club at the top, and many people said Yes.
Two extracts published at Pearls and Irritations, here and here.
In 1987 Margaret Thatcher said during an interview
“… they are casting their problems on society and who is society? There is no such thing! There are individual men and women and there are families and no government can do anything except through people … But it went too far. If children have a problem, it is society that is at fault. There is no such thing as society. There is a living tapestry of men and women and people and the beauty of that tapestry and the quality of our lives will depend upon how much each of us is prepared to take responsibility for ourselves and each of us prepared to turn round and help by our own efforts those who are unfortunate.”36
This was the origin of an infamous quotation: There is no such thing as society. Continue reading →