Austerity Against Democracy: An Authoritarian Phase of Neoliberalism?

From its very beginnings, the new doctrine of neoliberalism was quite consciously set in opposition to socialism as an alternate economic and democratic order to capitalism and as an unyielding defender of private property. In its specific programmatic mandate, neoliberalism was an offspring of the Great Depression and set against Keynesian state intervention. But however much its protagonists set themselves up as outsiders, neoliberalism was never an alien political doctrine to economic and political elites of Western Europe and North America: neoliberal ideas were always incorporated as a legitimate component of state policy.

Socialist Interventions Pamphlet No. 13 – August 2014.

Greg Albo teaches political economy at York University, Toronto. Recent publications include: Divided Province: Ontario Politics in the Age of Neoliberalism (2018; with Bryan Evans); A World Turned Upside Down? Socialist Register 2019 (with Leo Panitch); and Class, Party, Revolution (2018; with Leo Panitch and Alan Zuege).

Carlo Fanelli is Assistant Professor of Work and Labour Studies at York University. He is the co-editor (with Mark Thomas, Leah Vosko and Olena Lyubchencko) of Change and Continuity: Canadian Political Economy in the New Millennium, and (with Bryan Evans) The Public Sector in an Age of Austerity: Perspectives from Canada's Provinces and Territories. He is the editor of Alternate Routes: A Journal of Critical Social Research and maintains a blog at carlofanelli.org.