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Is Neo-Liberal Capitalism Eating Itself or Its Young?

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Neo-Liberalism and Austerity

Abstract

As we finalise the introduction to what we think is an important, and timely, examination of the relationships between a globalising neo-Liberal capitalism, a post-2008–2009 Global Financial Crisis (GFC) environment of recession and austerity, and the moral economies of young people’s health and well-being, it appears that neo-Liberal, globalised capitalism might be about to eat itself … again. And if not itself, then it will continue, it seems, to devour its young.

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Notes

  1. 1.

    At the time of writing, pressure has increased on national governments to tackle the issue of tax havens as a result of the leaked ‘Panama papers’. For a discussion of how this affects democracy, see Chakarabotty’s article ‘The 1 % hide their money offshore—then use it to corrupt our democracy’ in The Guardian 10 April 2016.

  2. 2.

    The greatest weight. What if some day or night a demon were to steal after you into your loneliest loneliness and say to you: ‘This life as you now live it and have lived it, you will have to live once more and innumerable times more; and there will be nothing new in it, but every pain and every joy and every thought and sigh and everything unutterably small or great in your life will have to return to you, all in the same succession and sequence—even this spider and this moonlight between the trees, and even this moment and I myself. The eternal hourglass of existence is turned upside down again and again, and you with it, speck of dust!’

    Would you not throw yourself down and gnash your teeth and curse the demon who spoke thus? Or how well disposed would you have to become to yourself and to life to crave nothing more fervently than this ultimate eternal confirmation and seal?

    From Nietzsche’s The Gay Science, s.341, Walter Kaufmann translation. Available at http://www.theperspectivesofnietzsche.com/nietzsche/nrecur.html

  3. 3.

    This section draws on Pike and Kelly 2014, pp.1–9.

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Kelly, P., Pike, J. (2017). Is Neo-Liberal Capitalism Eating Itself or Its Young?. In: Kelly, P., Pike, J. (eds) Neo-Liberalism and Austerity. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-58266-9_1

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