Neoliberal social spending is redirected toward donors’ interests, not ended

Evidence

The social ends of state emaciation accordingly are not that social spending should terminate. Rather, in being redirected into private hands when not underwriting repressive state apparatuses, social spending and charitable giving are fashioned by and for the social and political interests of those with capital to spare. Those recalcitrant states or population factions not willing to support or which resist the neoliberal political economy of structural adjustment, debt creation, and regulation are subjected to more direct forces of militarized or policed imposition. — David Theo Goldberg, The Threat of Race, 1749

Categorization

• CANDY: A sharp elevator point: under neoliberalism welfare isn’t cut, it’s privatized so philanthropy buys political influence.
• XREF: connects to: Charitable donations and grants are being reframed as investments requiring measurable social returns — Ève Chiapello, Financialisation of Valuation, 69