2. Neoliberalism
⢠Ideological - a set of ideas about the âbestâ
relationship between the economy and government.
⢠Political - social and economic reforms that put the
ideas of neoliberalism into practice.
⢠Historical - an era characterized by the dominance of
neoliberal political projects (roll-back and roll-out).
3. Neoliberal Ideas
⢠The economy will prosper if left alone, and a
prosperous economy is good for the people.
⢠Individuals bear responsibility for their poverty,
and governments should not foster
âdependenceâ on social programs.
⢠Economic rationales should be applied to social
programs: competition, cost-beneďŹts analysis,
measurable outcomes.
9. What Does Neoliberalism Look Like?
⢠Free market policies
⢠In âdevelopingâ world (aka former colonies of
US and European empires): structural
adjustment programs that cut social spending
⢠In US: shift of industrial production out of US,
and growth of domestic service and knowledge
industries; workfare
⢠Increasing economic polarization
⢠Growth of surplus populations
⢠Expansion of âsecurityâ industries - police,
prisons, military occupation
⢠Expanding power of supranational governance
bodies
10. What Does Neoliberalism Look Like
in the City?
⢠Selling off of public space to private
corporations
⢠Dominance of consumerism
⢠âQuality of lifeâ crackdowns
⢠More cops, and more militarized policing
⢠Growth of private security forces in quasi-
public spaces
⢠Growth of non-proďŹt sector
⢠IntensiďŹcation of racialized economic
exploitation and racial wealth gap