1980s neoliberal politics let market logic colonize all of life

Evidence

The concept of neoliberalism, most thoroughly developed by Michel Foucault, is enormously important for grasping the cultural, political, and social means by which capitalism has been reproduced and reinforced in the late twentieth and early twenty-first centuries. There is no question of its continuing relevance. Indeed, some recent accounts of neoliberalism, such as Wendy Brown’s, come close to ours in their overall diagnosis of what is wrong in capitalist societies. That is because neoliberal politics from the 1980s onward transformed culture and politics by insisting that market functioning should govern all of life, not just formal economic processes, thus justifying many forms of market deregulation and financialization as well as the invasion of market logics into spheres previously protected from them. — Nick Couldry & Ulises A. Mejias, The Costs of Connection, 152

Categorization

  • XREF: connects to: Neoliberalism is a governing rationality that frames all life in market terms — Wendy Brown, Undoing the Demos: Neoliberalism’s…, 357; Neoliberalism extends market logic to regulate all human behavior. — Alice E. Marwick, Status Update: Celebrity, Publicity,…, 32; Neoliberalism works best when subjects willingly internalize market logic through everyday micro-interactions (+7 more)

Broader Connections