bags of money

Survival of the Wealthiest: Joseph E. Stiglitz on the Dangerous Failures of Neoliberalism

In which “the intellectual handmaidens of the capitalists” are taken to task.
Tank on the street of Santiago, Chile.

How Pinochet's Chile Became a Laboratory for Neoliberalism

The Chicago Boys and the tragedy of the Chilean coup.
Protesters and tenants facing displacement hold placards as they attend a rally against private equity-backed firm Greenbrook Partners in Brooklyn, New York on October 15, 2021.

Shared Terrain

The neoliberal order has been exposed as fraudulent, inefficient, and inequitable. Yet it hardly lies in the dustbin of history.
Friedrich Hayek listens to the president of the Centro de Estudios Públicos in Chile, Jorge Cauas, speak in April 1981.

Neoliberal Economists Like Milton Friedman Cheered on Augusto Pinochet’s Dictatorship

Friedrich von Hayek and Milton Friedman helped devise Pinochet's economic agenda and endorsed the brutal repression that was needed to force it through.
Axe chopping down columns

The Rise and Fall of Neoliberalism

The free market used to be touted as the cure for all our problems; now it’s taken to be the cause of them.
Bill Clinton in the background, another man in the foreground.

What the 1990s Did to America

The Law and Economics movement was one front in the decades-long advance of a revived free-market ideology that became the new American consensus.
Agosto Pinochet and Milton Friedman edited to appear as two sides of the same coin.

When Milton Friedman Met Pinochet

Chicago economists had free rein in Chile. The country is still recovering.
President Bill Clinton speaks about the North American Free Trade Agreement at a town hall meeting in 1993.

The Logic of Capitalist Accumulation Explains Neoliberalism

Gary Gerstle’s new book tackles important questions of the last century about democracy, economy, and war. But it fails to answer a basic question.
Ronald Reagan pointing at a graph explaining his tax policy.
partner

Inflation Opened the Door to American Neoliberalism

An excerpt from "The Hidden History of Neoliberalism."
Photo of Ronald Reagan and Bill Clinton laughing together.

Will Neoliberalism Ever End?

A new history shows how neoliberalism took power during a period of crisis, which leaves open the question of whether it can be forced out as a result of one.
A worker sits with his head in his hands on the floor of the New York Stock Exchange on Oct. 24, 2008, as the markets endured losses.

How The Neoliberal Order Triumphed — And Why It’s Now Crumbling

Historian Gary Gerstle lays out an era's policies and ideologies, and what undermined them.
Couple kissing at the opening of the Berlin Wall

Has Neoliberalism Really Come to an End?

A conversation with historian Gary Gerstle about understanding neoliberalism as a bipartisan worldview and how the political order it ushered in has crumbled. 
"What difference would another world make?", Sam Pulitzer, 2021.

New Left Review

Who did neoliberalism?
Milton Friedman poses with a sculpture of himself.

Colossus Wears Tweed

A number of recent books blame the rise of neoliberalism on economists. But the evidence suggests it is still capital that rules.
Black and white photo of people in formal clothing sitting in chairs

When Neoliberalism Hijacked Human Rights

Neoliberals refashioned the idea of freedom by tying it to the free market, and turning it into a weapon to be used against anticolonial projects worldwide.

Neoliberalism’s World Order

Neoliberalism set out not to demolish the state, but to create an international order strong enough to override democracy in the service of private property.

The Market Police

In neoliberalism, state power is needed to enforce market relations, but the site of that power must be hidden from politics.

Worlds Apart

How neoliberalism shapes the global economy and limits the power of democracies.

The Uses and Abuses of 'Neoliberalism'

Does the term clarify or confuse our understanding of capitalism today?
Barack Obama and Shinzo Abe at the Lincoln Memorial.

Technocratic Vistas: The Long Con of Neoliberalism

How "liberal democracy" emerged from the wreckage of World War II and became the dominant ideology of our times.