Neoliberal restructuring converts collective public goods into individualized risk management

Evidence

In an age of precarious labour, when full-time, permanent employment has been replaced with episodic, contract-based, part-time and temporary jobs, workers are expected to understand themselves as individuated risk managers in an unforgiving, dog-eat-dog world … Pensions, healthcare, education and transportation cease to be common concerns and modes of collective insurance and become sites of personal risk management and individualized investment (Martin, 2002). — Max Haiven, Cultures of Financialization, 266

Categorization

• XREF: Directly feeds the reader’s deWaard-style cultural argument: the financialization of everyday life as personal risk management is the cultural substrate finance colonizes. — connects to: Neoliberal welfare-state retreat expects everyone to act as financial self-managers — Max Haiven, Cultures of Financialization, 35; Financialization replaced welfare-state collective security with individualized speculative insurance — Max Haiven, Cultures of Financialization, 92; Neoliberalism induces risk-bearing then blames the victims when risk fails — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 351 (+9 more)
• DEFINE: Defines ‘the great risk shift’ — Hacker’s concept of transferring social and personal risk from governments to private individuals.

Broader Connections

• Financialized capitalism shifted from spreading risk to endorsing risk via self-insurance. #corroborates (0.94) — Aris Komporozos-Athanasiou, Speculative Communities, 274
• Neoliberalism induces risk-bearing then blames the victims when risk fails #corroborates (0.92) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 351
• Asset-based welfare policies since the 1990s individualized the risks of material security. #exemplifies (0.90) — Paul Langley, Assets and Assetization in…, 38
• Neoliberal culture recasts welfare-state dependence as a moral failure to embrace risk #corroborates (0.88) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 338
• Neoliberalism generalizes the enterprise form across the entire social body #expands (0.80) — Michel Foucault, The Birth of Biopolitics, 823
• Neoliberalism pivoted from the economy to the framework encasing it #expands (0.75) — Quinn Slobodian, Globalists, 88
• Early neoliberals treated public regulation as a greater threat than private monopoly #complicates (0.72) — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 744