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
1990s
2000s
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