Latin America’s debt crisis opened a window for neoliberal network expansion

Evidence

Economic conditions were bad throughout Latin America in the 1980s. Following the rise in interest rates with the Volcker Shock in 1979, and officially initiated by the Mexican default in 1982, debt crises wreaked havoc in the region. For Atlas, however, this “lost decade” carried a promise and created a window of opportunity for the dissemination and application of neoliberal ideas. — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 551

Categorization

• XREF: Connects to my reading on how crises are repurposed as policy wedges—echoes Klein’s disaster-capitalism thesis but from inside the network’s own strategic view. — connects to: Latin American developmental economics fell on the 1980s debt crisis. — Mark Blyth, Austerity: The History of a Dangerous…, 434; The Third World debt crisis secured neoliberalism’s victory in development discourse — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 1816; Third World debt crisis enabled 1980s liberalization, not just neoliberal advocacy. — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 1753

Broader Connections

• Third World debt crisis enabled 1980s liberalization, not just neoliberal advocacy. #corroborates (0.92) — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 1753
• The Third World debt crisis secured neoliberalism’s victory in development discourse #corroborates (0.90) — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 1816