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delegitimized the political centre ground myth — Mark Fisher (edited by Darren Ambrose), K-Punk: The Collected and Unpublished…, 1475; The 2008 bailouts discredited neoliberalism but not capitalist realism itself.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
- The 2008 bailouts discredited neoliberalism but not capitalist realism itself.
#qualifies(0.92) — Mark Fisher, Capitalist Realism, 161 - Neoliberalism’s opponents, not its own theory, collapsed after the crisis
#corroborates(0.85) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 25 - Neoliberalism’s crisis strategy redirected blame from banks onto state debt
#expands(0.80) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 475 - Neoliberalism’s scientific program collapsed under its own ideological contradictions
#contradicts(0.80) — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 92 - Neoliberalism operates through systematic contradiction and disavowal of its own practices
#expands(0.75) — Wendy Brown, Undoing the Demos, 81 - Neoliberalism was an ideological veneer only loosely resembling actual capitalism
#expands(0.75) — Yanis Varoufakis, Technofeudalism, 220