Image by duncan c via Flickr
by Rainer Shea
Writer, Dandelion Salad
Rainer Shea: Anti-Imperialist Journalist, Nov. 10, 2020
November 16, 2020
Why is the global capitalist class refusing to give up neoliberalism, even as neoliberalism creates growing dissension among the lower classes and rising risk of proletarian revolution? Because in a paradigm where profits have overall been declining since the 1970s, neoliberalism serves as the way for the rich to push the costs of capitalism’s crises onto the backs of the poor. Neoliberalism was implemented because the 20th century model of social welfare states had become incompatible with the capitalist goal of endless growth.
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