
The invisible philosophy that’s destroying the world

At some point, it will have a formal name, one that properly descri... See more
Determined to unshackle market forces from the heavy hand of the state and the millstone of “tax and spend,” the classes that led this bloc aimed to liberalize and globalize the capitalist economy. What that meant, in reality, was financialization: dismantling barriers to, and protections from, the free movement of capital; deregulating banking and
... See moreNancy Fraser • The Old is Dying and the New Cannot Be Born: From Progressive Neoliberalism to Trump and Beyond
The underlying object of our general crisis, the thing that harbors its multiple instabilities, is the present form of capitalism— globalizing, neoliberal, financialized. Like every form of capitalism, this one is no mere economic system but something larger: an institutionalized social order.
Nancy Fraser • The Old is Dying and the New Cannot Be Born: From Progressive Neoliberalism to Trump and Beyond
While claiming to foster small business and manufacturing, reactionary neoliberalism’s true economic project centered on bolstering finance, military production, and extractive energy, all to the principal benefit of the global 1 percent. What was supposed to render that palatable for the base it sought to assemble was an exclusionary vision of a j
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