Neoliberal crisis response expanded rather than shrank state power

Evidence

Furthermore, Foucault was just dead wrong about neoliberalism as fostering the autolimitation of state power. He bought into the exoteric doctrine that the market is the backstop of the state, keeping it in check. The state has not been limited in purview by the neoliberal response to crisis, but instead, has greatly expanded its role, in finance, in “picking winners,” and in the discipline of citizens through the further injection of neoliberal themes into everyday life. — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 288

Categorization

  • XREF: Challenges Foucault’s governmentality reading of neoliberalism; connects to debates about the strong/strong state in Peck, Brenner, and the ordoliberal tradition. — connects to: Populist attacks on central banks intensified while technocratic crisis responses expanded — Aris Komporozos-Athanasiou, Speculative Communities: Living with…, 702; Neoliberal crisis responses deliberately undermine state fiscal authority — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 49; Neoliberals actively engineered their post-crisis survival rather than winning by default — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 23 (+15 more)
  • SHARE: Good for a political-economy friend who organizes their critique of austerity around the Foucault-derived axiom of state retrenchment.

Broader Connections