Neoliberalism perpetrates the myth that egalitarian living will be achieved by letting the ‘knowing few’ running big businesses, banking, finance and the markets run riot with minimum restraint.
The biggest part of the lie is the suggestion that by allowing private interests to control everything through the removal of regulations, the creation of rules that help them, their own interpretation of any rules and the subsequent abuse of a broken legal system to enforce them, everyone and the public good will be truly well-served.
However, the truth that we are now experiencing is that by deregulating markets and financial activity to the extent that has already taken place, the power that should be in the hands of legislators and policy makers on behalf of us all, has been passed to private interests whose priority is greed, profit and not the public interest in any way.
They haven’t finished. The extension and growth of Neoliberalism is dependent upon reducing the reach and impact of government at every level.
It doesn’t matter what process is followed or becomes necessary for the Neoliberal outcome to be achieved.
Smaller government is a key Neoliberalist aim because the less government there is, the more power and influence will have been transferred into private hands.
The outcomes for the people who need good governance most of all can only get worse under the Neoliberal view of smaller government, as it will be impossible for even the status quo to be maintained.
This blog is an expcert from Days of Ends and New Beginnings, published on Amazon for Kindle, April 2024. Please click the link below for more details:
Adam Tugwell 