What is neoliberalism ?
Jeremy Schahil: I’m so glad that you brought up the neoliberal
ideas. The term neoliberal is thrown around so much these days by people that I
think have literally no clue what neoliberal economic policy is or
neoliberalism is in general. I think would be fantastic: give people a
definition. What does neoliberalism mean?
David Harvey: I took it to be a political project, which
originated in the 1970s with the Business Roundtable and the Rockefellers and
everybody else, which is to reorganize the economy in such a way as to restore
power to an ailing capitalist class. The capitalist class was in difficulties
in the late 1960s, early 1970s, because the worker movement was rather strong,
there were lot of community activists, the environmental, there were all of
these reform things coming through, the formation of the EPA and all those
kinds of things. So they decided, through the Business Roundtable, that they
were going to really try to recuperate and accumulate as much economic power as
they could amongst themselves.
