Neoliberalism’s opponents, not its own theory, collapsed after the crisis

Evidence

The predominant focus upon government austerity programs as the central response to the crisis demonstrates that public discourse has degenerated to an analytical level that one would have recognized in the early 1930s. The MPS apparently has not suffered the ignominy of dramatic falsification of its cherished economic ideas; rather, it has been its opponents situated on the “level-headed left” that have collapsed instead. — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 25

Categorization

  • XREF: Central to the reader’s aim of tracing the thought collective and how neoliberalism survived. — connects to: Opponents of neoliberalism could not locate the intellectual roots of the 2008 crisis — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 16; Neoliberals actively engineered their post-crisis survival rather than winning by default — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 23; Neoliberalism’s scientific program collapsed under its own ideological contradictions — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 92 (+5 more)
  • DEEPTHINKING: The full reversal of conventional ‘the crisis discredited neoliberalism’ narrative is dense and paradigm-shifting for anyone reading crisis economics.
  • SEED: Angle: why the intellectual left collapsed instead of gaining ground from the greatest crisis since the Depression.

Broader Connections