Post-2010 austerity has stripped neoliberalism of its positive incentives, leaving only coercion
Evidence
In its pomp, neoliberalism used hope as well as fear, as part of a doublebind strategy which battered organised labour while seducing individual workers with the promises of consumer durables, satellite TV, job security… all these riches provided you comply with capital… provided, that is to say, you give up the possibility of Red Plenty… Since 2010, it’s become clear that the (flatpack) cupboard is bare: there are no more bribes, only threats. — Mark Fisher (edited by Darren Ambrose), K-Punk, 1969
Categorization
- XREF: connects to: Political parties lose the capacity to reward supporters once austerity removes material incentives; Austerity transforms neoliberal rationality from freedom toward sacrifice. — Wendy Brown, Undoing the Demos: Neoliberalism’s…, 135; Neoliberalism has ended as a hegemonic project despite institutional persistence — Mark Fisher (edited by Darren Ambrose), K-Punk: The Collected and Unpublished…, 1840 (+3 more)
Broader Connections
- Austerity transforms neoliberal rationality from freedom toward sacrifice.
#expands(0.85) — Wendy Brown, Undoing the Demos, 135 - Neoliberalism reshapes cultural incentives by prioritizing extreme profit seeking
#expands(0.85) - Neoliberalism has ended as a hegemonic project despite institutional persistence
#corroborates(0.80) — Mark Fisher (edited by Darren Ambrose), K-Punk, 1840 - Economic theory gives austerity legitimacy that complements raw state coercion
#expands(0.78) — Clara E. Mattei, The Capital Order, 861 - Neoliberalism generated desires that remain unsatisfied and could anchor left renewal
#complicates(0.75) — Mark Fisher, Capitalist Realism, 163