“Decades of neoliberal economic policies have concentrated wealth and are now spurring a global backlash.”
Full article available here.
This article by Juan Cole provides a exemplary illustration of the argument currently being developed by this blog. Cole describes how in countries all over the world, like Egypt and the United States, young rebels are reacting to a single stunning worldwide development: the extreme concentration of wealth in a few hands thanks to neoliberal policies of deregulation and union busting. This is in a sense the exact argument I have been researching. The connecting tie among social movements around the world is that of inequality. The polices of neoliberalism enacted after capitalism’s structural crisis of the 1970s have concentrated wealth in the hands of less and less. The uprising in Egypt was not only an attack on an unruly dictator but also attack on the policies that that dictator allowed to occur. It was an uprising against repression, including repression of labor power. It was a revolt against corruption, including the ties between the ruling elite and economic elite. Neoliberal reforms were at the heart of the complaints of the Egyptian revolution, as they are with social movements around the world.