Benjamin Studebaker

Yet Another Attempt to Make the World a Better Place by Writing Things

Tag: Rebecca Long-Bailey

Neoliberalism isn’t Dead Yet

As the coronavirus crisis drags on, it has become popular to declare this to be the death of neoliberalism. If neoliberalism were simply noninterference in the economy, the large stimulus packages passed around the world would seem to signify its end. But neoliberalism was never simply about noninterference. Neoliberalism is characterised by economic integration without political integration. Low trade barriers make states compete with each other for investment and jobs, and that pushes states to lower taxes, cut spending, deregulate, deunionise, and push down wages. By globalising the economy, neoliberalism creates a race to the bottom. It subjects states to a global market without creating a global polity to govern that market. We end up governed by an impersonal market logic which frequently conflicts with our needs and interests.

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The Problem with the Labour Party

On the 12th, the British Labour Party suffered a devastating electoral defeat at the hands of Boris Johnson’s Conservative Party. There have been lots of pieces about why Labour lost. Having taken the better part of a week to think about it, I’ve come to a view about where the trouble lies. Let me share it with you.

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