Summary of Never Let a Serious Crisis Go to Waste
How Neoliberalism Survived the Financial Meltdown
The cult of free markets has brainwashed you; read this to get deprogrammed.
Markets aren’t just for stocks and bonds; it seems every problem facing society calls for a market solution. For many people, that seems logical. But economics philosopher Philip Mirowski believes that’s because the neoliberals have brainwashed the public. He plumbs neoliberalism – an overarching faith in free markets’ ability to ensure optimal human well-being – to reveal how it shapes finance, economics, governments, science and society, and seldom for the better. Mirowski attributes the 2008 financial crisis to neoliberalism run amok, and laments that the response to the crisis continues to draw from “the neoliberal playbook.” This sharp, witty and revealing work is not always accessible reading, but it’s worth the effort. Mirowski will lead you to question everything you take for granted about economics and its societal implications. While always politically neutral, getAbstract recommends this wide-ranging, philosophically based, reality-driven analysis to anyone who wants a cogent take on how the world got into such a mess.
In this summary, you will learn
- What neoliberalism is and what it expounds
- How neoliberal ideas seeped into global economics, politics and culture
- How neoliberals persisted and won in the aftermath of the 2008 crisis
Comment on this summary
Customers who read this summary also read
F. A. Hayek
Scott L. Montgomery and Daniel Chirot
Princeton UP, 2015
Friedrich A. Hayek
University of Chicago Press, 2011
Lioncrest Publishing, 2014