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The Neoliberal State and the State of Empathy

  • Gary Olson
Chapter
Part of the SpringerBriefs in Political Science book series (BRIEFSPOLITICAL, volume 10)

Abstract

Neoliberalism, the ideology of modern capitalism that has held sway for three decades now, is essentially a wholesale repudiation of Keynesian economics under which government intervenes to stabilize the economy, a theory which had a fundamental influence on the New Deal. It’s sometimes overlooked that Keynesianism is also an ideology, an adjustment by capitalists when structural crises ceased to guarantee “enough” profitability. However, just because capitalists are flexible in making adjustments doesn’t mean there are no convictions behind the new set of beliefs. That’s because “ruling class ideologies are rarely just lies cynically spread in order to win the acquiescence of the ruled. They are sets of beliefs that give the ruling class a sense of its own importance, sanctity and its rule in its own eyes as well as in the eyes of others and provide it with confidence that it can deal with any apparent flaws in its own system.”4

Keywords

Ordinary Citizen Market Logic Keynesian Economic Rugged Individualism World Capitalist System 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Copyright information

© Springer Science+Business Media New York 2013

Authors and Affiliations

  • Gary Olson
    • 1
  1. 1.Department of Political ScienceMoravian CollegeBethlehemUSA

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