Since the 1980s, neoliberalism has been the dominant ideology permeating the public policies of governments and international institutions around the world. Yet neoliberalism stands for more than a series of economic policies. Journalist Stephen Metcalf argues neoliberalism is a world view – complete with a prescription for how to organize society and the role of individuals in it. For Metcalf, neoliberal policies' failure to promote broad-based economic prosperity has led to a surge in populism. getAbstract recommends Metcalf’s thought-provoking essay to those interested in how an economic theory can shape societies.
In this summary, you will learn
- What the philosophical foundations of neoliberalism entail and
- How neoliberalism has undermined the authority of civic institutions.
About the Author
Stephen Metcalf is a journalist based in New York and the host of Slate’s Culture Gabfest podcast.