Interwar Vienna’s labor-capital standoff shaped the birth of neoliberalism

Evidence

Red Vienna ­shaped the worldview of the Austrians who would form the neoliberal movement, entrenching the idea of an armed standoff between ­labor and capital. … Mises ­later described collective bargaining as the “gun ­under the ­table.” He might have meant it as a meta­phor, but it was not a meta­phor in Vienna. — Quinn Slobodian, Globalists, 172

Categorization

  • XREF: Echoes the reader’s finding elsewhere that elites induce obedience among the armed masses through fear of disorder; Mises actually saw Social Democrat-controlled army as the coercive reality behind bargaining. — connects to: Interwar Vienna produced the extra-academic intellectual networks that seeded neoliberalism — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 101; Neoliberalism emerged from the Great Depression, not from Viennese interwar thought alone — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 101; Neoliberalism’s core concepts formed in the 1930s through networked institutions — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 352 (+2 more)
  • DEFINE: Shows why ‘neoliberalism’ must be read against its formative Red Vienna context of feared labor power, not as abstract doctrine.

Broader Connections