The 2007-8 crisis failed to dislodge neoliberal policy dominance.

Evidence

On the level of economic policy, against the political background of the Cold War and then especially after the breakdown of Keynesian economics in the 1970s, the reference to the economic imaginaries of free markets and the free market mechanism served as the theoretical frame for promoting neoliberal policies of deregulation, privatization, and austerity. Although the GFC could have induced a paradigm shift in the field of economic policy, the dominance of neoliberal policies does not seem to be contested. Colin Crouch has described this persistence as the “strange non-death of neoliberalism,” while Mark Blyth has warned of the social and societal consequences of austerity policies. — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 609

Categorization

• XREF: Ties to the reading purpose on austerity and the ‘strange non-death’ thesis often invoked in critiques of ordoliberal Europe. — connects to: The 2008 crisis was expected to falsify neoliberal doctrine but did not — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 80; Neoliberalism survived the 2008 crisis relatively unscathed. — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 249; Opponents of neoliberalism could not locate the intellectual roots of the 2008 crisis — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 16 (+11 more)

Broader Connections

• The 2008 crisis failed to produce a paradigmatic shift comparable to the New Deal. #corroborates (0.95) — Natascha van der Zwan, Making Sense of Financialization, 115
• Crises have not discredited neoliberal governance #corroborates (0.95) — Wendy Brown, Undoing the Demos, 749
• Opponents of neoliberalism could not locate the intellectual roots of the 2008 crisis #corroborates (0.85) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 16
• The 2008 crisis disoriented the left instead of vindicating its economic worldview #corroborates (0.85) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 46
• Neoliberalism survives crises through deliberate policy adaptability, not fixed doctrine. #expands (0.80) — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 206
• Crisis commentary from 2008-10 shared one syllogism, that failure proves neoliberalism dying #contradicts (0.80) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 93
• The 2008 crisis strengthened rather than weakened the political right #corroborates (0.80) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 8
• Neoliberalism has a coherent crisis logic despite lacking fixed doctrine #expands (0.75) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 146
• Neoliberalism is a reprogramming of liberal governmentality, not a reaction to capitalist crisis #complicates (0.75) — Wendy Brown, Undoing the Demos, 83
• The 2008 crisis replaced triumphalist free-market rhetoric with open-ended austerity #contradicts (0.75) — Max Haiven, Cultures of Financialization, 158