How do we explain the strange survival of the forces responsible for the 2008 economic crisis, one of the worst since 1929? How do we explain the fact that neoliberalism has emerged from the crisis strengthened? When it broke, a number of the most prominent economists hastened to announce the ‘death’ of neoliberalism. They regarded the pursuit of neoliberal policy as the fruit of dogmatism.
For Pierre Dardot and Christian Laval, neoliberalism is no mere dogma. Supported by powerful oligarchies, it is a veritable politico-institutional system that obeys a logic of self-reinforcement. Far from representing a break, crisis has become a formidably effective mode of government.
In showing how this system crystallized and solidified, the book explains that the neoliberal straitjacket has succeeded in preventing any course correction by progressively deactivating democracy. Increasing the disarray and demobilization, the so-called ‘governmental’ Left has actively helped strengthen this oligarchical logic. The latter could lead to a definitive exit from democracy in favour of expertocratic governance, free of any control.
However, nothing has been decided yet. The revival of democratic activity, which we see emerging in the political movements and experiments of recent years, is a sign that the political confrontation with the neoliberal system and the oligarchical bloc has already begun.
Author
Pierre Dardot
Pierre Dardot is a philosopher and noted scholar of Hegel and Marx. Dardot is the coauthor of The New Way of the World: On Neoliberal Society (with Christian Laval), which the Los Angeles Review of Books called “erudite and provocative.” His previous books include Sauver Marx? Empire, multitude, travail immatériel (with Christian Laval and El Mouhoub Mouhoud) and Marx, prénom: Karl (with Christian Laval).
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Christian Laval
Christian Laval is professor of sociology at the Université Paris Ouest Nanterre La Défense. Along with Pierre Dardot, Laval cowrote The New Way of the World: On Neoliberal Society, which the Los Angeles Review of Books called “erudite and provocative.” His other books include L’Ambition sociologique, Jeremy Bentham: Le pouvoir des fictions, and L’école n’est pas une entreprise: Le néo-libéralisme à l’assaut de l’enseignement public.
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