Neoliberalism

Neoliberalism refers to the 'stage' capitalism entered from the early 1970s to now characterised by massive enclosure and the belief the market can solve all problems. The decline of the welfare state, privatisation of as many industries as possible, repression of unions and curbing of workers' rights, deregulation of industry, enclosure of any remaining commons and massive expansion of military and police powers.

History

1970s

In 1973, neoliberalism began in Chile as a test.

In 1976, neoliberalism began in Argentina and China

In 1977, neoliberalism began in the USA

In 1978, neoliberalism began in Sri Lanka

In 1979, neoliberalism began in the UK,

1980s

In 1980, neoliberalism began in Japan as the government abandoned its rural base and began to focus on Tokyo. Tariffs and subsidies to industries were reduced, the working week was massively expanded and the retirement age was raised.

In 1983, neoliberalism began in Australia

In 1984, neoliberalism began in New Zealand

In 1985, neoliberalism began in Brazil

In 1988, neoliberalism began in Mexico

2010s

Neoliberalism entered

Criticism

Left-Wing Criticisms

• Increasing global poverty
• Increasing economic inequality and concentrating power in the hands of corporations
• Speeding up the destruction of the environment
• Increasing work hours
• Increased rates of mental illness among the working class
• Requiring a large amount of violence to establish