I’ve read an interesting paper.
The idea that the market is about fair competition is increasingly negated by the facts of extraordinary monopoly, centralization, and internationalization on the part of corporate and financial powers. The startling increase in class and regional inequalities both within states (such as China, Russia, India, Mexico, and in Southern Africa) as well as internationally poses a serious political problem that can no longer be swept under the rug as something transitional on the way to a perfected neoliberal world. The neoliberal emphasis upon individual rights and the increasingly authoritarian use of state power to sustain the system become a flashpoint of contentiousness. The more neoliberalism is recognized as a failed if not disingenuous and utopian project masking the restoration of class power, the more it lays the basis for a resurgence of mass movements voicing egalitarian political demands, seeking economic justice, fair trade, and greater economic security and democratization.
source: Neoliberalism as creative destruction by David Harvey.
You may know him from this RSA video.
#neoliberalism #quote #david-harvey #market #competition #trade #economics #democracy