The crises of our times cannot be overstated. We have endemic war, massive displaced populations, pandemics, the disappearance of middle classes globally with the vast increase in hyperwealthy and impoverished populations, environmental catastrophes, and the proliferation of authoritarian—trending fascist—leaders whose policies demonize large swaths of national populations, distracting people from their exploitation by the ruling classes.
Economic anthropologists, working across intellectual disciplines with other political-economic scholars, have described both these horrifying evolving realities and the ways in which global movements have arisen to combat them. But we need contemporary clarity of analysis to account for the full interdependent set of negative political-economic and cultural shifts so that we may expose them to build a more just and equal global order. And the first necessary analytic move is understanding the rise of global capitalist neoliberalism.
Neoliberalism is an intellectual/political stance that presumes that capitalist trade “liberalization”—the end of all state regulations on business and, indeed, the end of all state-run business—will lead inevitably to market growth and, ceteris paribus, to optimal social ends. As has now been amply documented, neoliberalism took hold across the globe over the last two generations (Harvey, 2005; Went, 2000). Globally, neoliberal policies forced the privatization of state-run utilities and services and withdrew support for independent labor organizing/unions, thus backpedaling from welfare state (or semiwelfare, in the US case) provisions and regulations that ameliorated the naked operations of capital and provided widespread social safety nets. In the Global South, neoliberal ideology was implemented through World Bank/International Monetary Fund “structural adjustment programs” that demand that states denationalize industries, end protectionist policies that had safeguarded native industries, open their markets to international trade, and ruthlessly cut back social programs. In some cases, as in the People's Republic of China, neoliberal policies stimulated economic growth, but at the cost of increasing inequality and heightened populations in poverty.
Despite the immense social suffering resulting from its implementation, neoliberal ideology gained enormous purchase worldwide through its celebration of rapid technological change; through the spectacle of new cornucopias of globally traded goods and individualized consumption—furthering the commodification of identity that Marx first analyzed; through faux-populist rebellions against “useless government bureaucracies”; and finally, through neoliberalism's novel melding of neoclassical economic theory with an identity politics reading of civil liberties. That is, neoliberal ideology incorporates the notion of various populations’ civil but not economic rights.
At the same time, we