US Indymedia Global Indymedia Publish About us
Printed from Boston IMC :
IVAW Winter Soldier

Winter Soldier
Brad Presente

Other Local News

Spare Change News
Open Media Boston
Somerville Voices
Cradle of Liberty
The Sword and Shield

Local Radio Shows

WMBR 88.1 FM
What's Left
WEDS at 8:00 pm
Local Edition
FRI (alt) at 5:30 pm

WMFO 91.5 FM
Socialist Alternative
SUN 11:00 am

WZBC 90.3 FM
Sounds of Dissent
SAT at 11:00 am
Truth and Justice Radio
SUN at 6:00 am

Create account Log in
Comment on this article | View comments | Email this article | Printer-friendly version
Commentary :: Labor
The Resilience of Neoliberalism
26 Dec 2013
to read the article by Vivien Schmidt and Mark Thatcher

Given the abject failure of the neoliberal policy offer, why has it persisted as the dominant approach to policymaking and is there any way out?...

These five lines of analysis leave us with one final question: given all this resilience, is there any way out of neoliberalism? One pathway could be collapse from within, as the contradictions inherent in neoliberalism become increasingly clear—such as between the ideal of a limited state and the practice of the state playing a strong role to enhance markets. Another could be rejection from without, as the broken promises, indeed the failures, of neoliberalism become ever more apparent to citizens. Yet another is that strong ideational alternatives to neoliberalism gain strength, say, with new approaches to economic governance that put the polity before, rather than after, the economy. It is also possible that neoliberalism loses the support of powerful interests, or that new coalitions emerge. Perhaps the social democrats will begin to coalesce behind a new set of ideas. Finally, it may very well be that the institutions of neoliberalism break down, are replaced, or evolve as a result of new coalitions of interests with new ideas about how to solve the problems. But for any of these eventualities, things are likely to become much worse, before we see any new light at the end of the tunnel.

This article was first published by Policy Network and builds on the authors’ argument in their co-edited book, Resilient Liberalism in Europe’s Political Economy.

Note: This article gives the views of the author, and not the position of the British Politics and Policy blog, nor of the London School of Economics.
See also:
Add a quick comment
Your name Your email


Text Format
Anti-spam Enter the following number into the box:
To add more detailed comments, or to upload files, see the full comment form.


Re: The Resilience of Neoliberalism
26 Dec 2013
Vivien A. Schmidt and Mark Thatcher propose five lines of analysis to explain its resilience: the flexibility of neoliberalism’s core principles; the gaps between neoliberal rhetoric and reality; the strength of neoliberal discourse in debates; the power of interests in the strategic use of ideas; and the force of institutions in the embedding of neoliberal ideas.