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This book delves into the inherent contradictions that threaten to unravel the entire neoliberal project. Central to this critique is the myth of limitless growth. Neoliberal ideology posits that unfettered markets and minimal government intervention will lead to a rising tide that lifts all boats. However, this rosy scenario ignores the harsh reality of resource constraints. Our planet has finite reserves, and the relentless pursuit of ever-expanding production puts immense strain on the environment, jeopardizing long-term sustainability. Furthermore, this model has demonstrably fueled a global upward transfer of wealth. The benefits of economic growth have been concentrated in the hands of a select few, while wages stagnate and social safety nets erode for the vast majority.
The consequences of this skewed distribution are starkly evident in the fractured global economy. Unregulated financial markets can trigger devastating crises, rippling outwards and destabilizing entire nations. Developing countries are often left holding the bag, burdened by debt and struggling to compete with the cutthroat tactics employed by powerful corporations. This dynamic fosters intensifying class warfare, as the gap between the wealthy and the working class widens. Social mobility stagnates, and the promise of the American Dream fades for many.
As inequality spirals and social justice crumbles, the very foundations of neoliberalism are laid bare. This model increasingly serves a privileged few, enriching the elite at the expense of the majority. This fundamentally undermines a core Enlightenment ideal: using liberal democracy to improve the lives of citizens in the age of mass politics. When basic needs go unmet, political participation withers, and faith in democratic institutions erodes. The legitimacy of neoliberalism itself is under siege, threatened not just by social unrest but by its own internal contradictions. The book explores potential alternatives, offering a roadmap towards a more equitable and sustainable future.
