petej + hayek   21

Neoliberalism: the deep story that lies beneath Donald Trump’s triumph | George Monbiot | Opinion | The Guardian
"The paradoxical result is that the backlash against neoliberalism’s crushing of political choice has elevated just the kind of man that Hayek worshipped. Trump, who has no coherent politics, is not a classic neoliberal. But he is the perfect representation of Hayek’s “independent”; the beneficiary of inherited wealth, unconstrained by common morality, whose gross predilections strike a new path that others may follow. The neoliberal thinktankers are now swarming round this hollow man, this empty vessel waiting to be filled by those who know what they want. The likely result is the demolition of our remaining decencies, beginning with the agreement to limit global warming.

Those who tell the stories run the world. Politics has failed through a lack of competing narratives. The key task now is to tell a new story of what it is to be a human in the 21st century. It must be as appealing to some who have voted for Trump and Ukip as it is to the supporters of Clinton, Bernie Sanders or Jeremy Corbyn.

A few of us have been working on this, and can discern what may be the beginning of a story. It’s too early to say much yet, but at its core is the recognition that – as modern psychology and neuroscience make abundantly clear – human beings, by comparison with any other animals, are both remarkably social and remarkably unselfish. The atomisation and self-interested behaviour neoliberalism promotes run counter to much of what comprises human nature.

Hayek told us who we are, and he was wrong. Our first step is to reclaim our humanity."
neoliberalism  politics  Hayek  Thatcher  Thatcherism  inequality  state  welfare  deregulation  privatisation  TrumpDonald  dctagged  dc:creator=MonbiotGeorge 
november 2016 by petej
Private Island by James Meek – review | Books | The Guardian
"However misguided he was in other respects, Hayek understood that building a market society involved breaking with many of the traditions and practices of the past. Thatcher, on the other hand, wanted to revive British life as it was, or could be imagined as having been, in the 1930s or 1950s: a country ruled by values of family, patriotism and public service. But the stolid, dutiful Britain for which she was so nostalgic was not a creation of the market – in fact, at least in part, it was an inheritance of postwar Labour collectivism. The irony of Thatcher's career is that the process she set in motion has erased forever the past to which she dreamed of returning."
UK  economy  policy  privatisation  marketisation  competition  Thatcherism  Hayek  ownership  book  review  dctagged  dc:creator=GrayJohn 
september 2014 by petej
Sale of the century: the privatisation scam | Politics | The Guardian
"By moving from a system where public services are supported by progressive general taxation to a system where they are supported exclusively by the flat fees people pay to use them, they move from a system where the rich are obliged to help the poor to a system where the less well-off enable services that the rich get for what is, to them, a trifling sum. The commodity that makes water and power cables and airports valuable to an investor, foreign or otherwise, is the people who have no choice but to use them. We have no choice but to pay the price the toll-keepers charge. We are a human revenue stream; we are being made tenants in our own land, defined by the string of private fees we pay to exist here."
UK  economics  politics  Thatcherism  privatisation  marketism  ownership  utilities  energy  water  electricity  gas  taxation  housing  transport  Hayek  socialism  shares 
august 2014 by petej

related tags

1970s  Allende  audio  austerity  authoritarianism  BallsEd  banking  banks  BBC  book  BrettonWoods  Brexit  BrownGordon  Canada  capitalism  Chile  competition  CorbynJeremy  crash  crisis  culture  CurtisAdam  dc:contributor=MeadwayJames  dc:contributor=MirowskiPhilip  dc:creator=AndrewsAlex  dc:creator=BastaniAaron  dc:creator=GrayJohn  dc:creator=MonbiotGeorge  dc:creator=PetersAaron  dc:creator=PetersAaronJohn  dc:creator=SrnicekNick  dctagged  democracy  deregulation  dictatorship  documentary  economics  economist  economy  electricity  energy  exclusion  film  finance  financialisation  freeMarkets  FriedmanMilton  gas  globalisation  government  Gramsci  GramsciAntonio  growth  HarperStephen  HarveyDavid  Hayek  HayekFriedrich  hegemony  history  housing  ideas  individualism  inequality  infrastructure  Keynes  Keynesianism  KrugmanPaul  LabourParty  leadership  marketisation  marketism  markets  media  misinformation  monetarism  MontPelerin  MontPelerinSociety  NEF  neoliberalism  OvertonWindow  ownership  pay  PetersCharles  philosopher  Pinochet  pirateRadio  PLP  podcast  policy  politicalEconomy  politics  PopperKarl  privatisation  radio  Reagan  regulation  review  risk  shares  SmithAdam  socialism  state  Stedman-JonesDaniel  talk  taxation  Thatcher  Thatcherism  TheTrap  thinkTank  thinkTanks  transport  TrumpDonald  UK  USA  utilities  video  wages  water  welfare  wikipedia  wikipediaPage  work 

Copy this bookmark:



description:


tags: