The bank bailouts radically discredited neoliberalism’s core ideas.

Evidence

What we need to revive is not social formations that failed (and failed for reasons that progressives should be pleased about), but a political project that never really happened: the achievement of a democratic public sphere. … Even in Blond’s work, the lineaments of a hegemonic shift can be discerned — in his startling repudiation of the core concepts of neoliberalism and his attack on managerialism; and in the concession that, contra Thatcher, it turns out that there is such a thing as society after all. Such moves give some indication of the extent to which — after the bank bailouts — neoliberalism has radically lost credibility. — Mark Fisher (edited by Darren Ambrose), K-Punk, 1505

Categorization

  • XREF: connects to: The 2008 bailouts discredited neoliberalism while powerfully reasserting capitalist realism. — Mark Fisher, Capitalist Realism: Is There No…, 161; The 2008 bank bailouts delegitimized the political centre ground myth — Mark Fisher (edited by Darren Ambrose), K-Punk: The Collected and Unpublished…, 1475; The 2008 bailouts discredited neoliberalism but not capitalist realism itself. — Mark Fisher, Capitalist Realism: Is There No…, 161 (+5 more)

Broader Connections