This Is Neoliberalism ▶︎ Introducing the Invisible Ideology (Part 1)
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- เผยแพร่เมื่อ 28 ก.พ. 2018
- If you've ever wanted to understand what neoliberalism is, this is the series for you.
Neoliberalism is an economic ideology that exists within the framework of capitalism. Over four decades ago, neoliberalism become the dominant economic paradigm of global society. In this video series, we'll trace the history of neoliberalism, starting with a survey of neoliberal philosophy and research, a historical reconstruction of the movement pushing for neoliberal policy solutions, witnessing the damage that neoliberalism did to its first victims in the developing world, and then charting neoliberalism's infiltration of the political systems of the United States and the United Kingdom. Learn how neoliberalism is generating crises for humanity at an unprecedented rate.
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PATREON: / barakalypsenow
FACEBOOK: / barakalypsenow
TWITTER: / barakalypsenow
You can also view my work on FilmsForAction: www.filmsforaction.org/watch/...
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Thank you to my amazing Patrons!
-Bridget
-Dan
-Dorit
-Erez
-Skyler
-Ben
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and Burgess!!
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Recommended Reading:
-"A Brief History of Neoliberalism" by David Harvey
-"The Shock Doctrine" by Naomi Klein
-"Masters of the Universe: Hayek, Friedman, and the Birth of Neoliberal Politics" by Daniel Stedman-Jones
-"The Nobel Factor: The Prize in Economics, Social Democracy, and the Market Turn" by Avner Offer & Gabriel Soderberg
_________________________________________________
PATREON: / barakalypsenow
FACEBOOK: / barakalypsenow
TWITTER: / barakalypsenow
You can also view my work on FilmsForAction: www.filmsforaction.org/watch/...
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Hey everyone! Just want to acknowledge that the audio quality in this video is a bit sub-par compared to what I'm capable of. I ran into a lot of software problems while editing this video and also was pressed for time. As a result, I had to re-record a lot of dialogue, which is why it sometimes sounds like two different people are talking, and why there are minor audio imperfections here and there. I'm well aware of this and will definitely correct it in the future!
In solidarity,
Barak
Incredible job and so important for people to understand the underlying framework of "society" today (Thatcher once said "there is no such thing as society"), which is really just a fragile foundation of economic myths, as MMT has exposed. Thanks so much!
Thank you so much for posting.
Best Video on Neoliberalism Bro. Hands down best explanation on how the economy work today.
Thank you for this contribution. This knowledge should be widely disseminated.
Neoliberalism is just excuse for fascism-evil at final stage
It's socialism for the rich, 'markets' for everyone else-
Franz1987 what does that even mean?
@@thewhat531 I think he's talking about trickle down economics. The idea that giving tax breaks and subsidies to corporations will trickle down to the rest of society. In reality it moves most of the burden to the middle class.
An example would be the bailouts from the 2008 financial crisis. The government intervened to defend the free market, but they wouldn't do the same thing for the poor.
Cloudy let's pretend I'm a grownup with some knowledge of both history and economics.
It's socialism for the richest and the poor, the middle-class get's stuffed.
Truthhandler 1 and how does that translate to socialism?
In the US people do not know the term "néo-liberalism". In Europe, it is part of our common vocabulary.
In the US, the majority of people are ignorant in general.
Ksch Koff the NSDAP was actually influenced by Ku-Klux Clan ideology and Marxism was influenced by European and American Utopian Socialism: so lets not pretend these ideologies aren't American ideologies (as well).
We r dim bulbs here in murica
@@IslandswampI think you're more insulated. Your deep governments control over the military, media and political power is soo centralised that you don't ever fear/hope revolution.
Yet Europe is a pillar of the neoliberal order. Truly shows how "knowing" things is meaningless without class consciousness and solidarity.
I am from a third world country, but I come from a highly educated household, all the things you have presented today were pretty much common knowledge in my house, there are lots of great historians, phylosophers, intelectuals, etc in latin america that have worked precisely this issues, yet they are mostly unkonwn to the public in their own countries, so it is great that you are doing this video series, I honestly consider it one of the best I've seen, thank you
Let's be honest, as a Greek to us it's also common knowledge, we also had a cia backed military coup to destroy the evil communists. American politics was what made me question what's wrong with the world. The mentality of the American dream is what is wrong mostly in this world. People are too stupid to wake up from the dream and actually read about what's going on.
Series like this are not just important, they are the lifeblood of our freedom.
@James Hill it starts from the very old philosophical point of the point of human intelligence which was supposed to be knowledge about the world. This is what was supposed to free people from the neuroses of the habitus. However, most people identify with this philosophical viewpoint, we live because we are animals on this planet who hate eachother and we have to coexist, this is the hobbes type of mentality majority of people have, the beginning of John locks liberal ideology
@@jameshill4621 Because it makes the information available.
"Whenever you hear the words “a country has to be competitive,” it’s not more competition among businesses, it’s that every country has to do whatever it can to make available the closest thing to slave labor as possible. Period. No wishy-washy jargon needed to cover the basic fact"
This is true when a country is nowhere near competitive internally but wants to throw itself around on the world stage. Neoliberalism creates oligopolies, which is why they lobby for regulation and deregulation in the labour sphere. The death of real capitalism, where the state is separate from the private individual is over - our ownership is now controlled by and partially taken by the state, which is the agent of the same companies who are being “controlled” by the same political class? Hayek wasn’t a neoliberal btw - Austrians do not support this system.
@@sirhumphreyappleby8399 free trade is a billionaire minting machine, totally outside democratic control. in fact hayek was all for fascism, he just was never honest about it.
markets are man made, not natural, and there is no such thing as self regulated, self righting, self policing of markets. that is total hogwash, and anyone that spews that crap should never ever be allowed in a position of power inside, or outside of government.
free trade economics is the road to serfdom.
@@lanceringquist815 So you then believe in super massive, constantly controlling government and therefore world government to control trade?
@@parrotshootist3004 we already have a kangaroo corporate run government that oversee's trade, its run by corporations, just as hayek and freidman envisioned, the W.T.O..
its a complete doing away of sovereignty. no where did i say i wanted a one world government, i want democratic control, that control is individual sovereignty of nations,
"TRUMAN built GATT into the most humane system of trading the world has ever seen.
'here is what truman said when the bill clinton types tried to organize GATT into a slave labor treaty on the world,
"Of course I believe in free enterprise but in my system of free enterprise, the democratic principle is that there never was, never has been, never will be, room for the ruthless exploitation of the many for the benefit of the few." Harry S. Truman"
and this,
this was removed from the GATT by bill clinton,
"Compensatory tariffs might be added to products from countries that do not maintain international standards of environmental protection, wages, health and safety standards, and social safety nets, thus encouraging higher standards for all people everywhere."
"Is the answer to withdraw from global trade, as the free traders have caricatured our position? No, it is to go back to a system like the General Agreements on Tariffs and Trade (GATT), which promoted trade but was flexible enough to allow countries policy space to develop and to preserve their intricate social contracts by preventing commodity dumping, environmental dumping, and social dumping.
the ideologues of free trade ignored all this and tried to impose a one-size fits all model on everyone. They produced not the best of all possible worlds but Donald Trump."
@@lanceringquist815 I hope you like working in the new department of plenty formally known as Wal Mart. Actual party officials will be given proper jobs
This series needs to go viral.
For real, the most important set of videos I have seen in a long time.
Thank you for your effort.
My mom said just before her passing that it's already over, and most people never knew it was even on.
Very astute of your Mom ... she was right.
and: it's been very sneaky, no one goose-stepping through our neighborhoods; the shiny 'veneer' of "freedom" is always polished up to look like we free, everything is 'convenient'. Look into Edward Bernays for more; especially "Century of the Self" by Adam Curtis.
She sounds like a pain in the ass.
"free traders mistake money for wealth, wealth is derived from making things, money is just a medium of exchange: any government that prints money with no regard to its material basis in commodity production risks disaster."
I agree under an older and more stable system that is not the free market which is freedom to be a predator in terms of the market
@@jareddunlop8411 under neo-liberalism, which i equate as free trade economics, the real producers of wealth, the workers, end up poor, that under cuts consumption, takes away pricing power, then no matter how much money you throw around, deflation sets in.
real wealth, is making things, and sharing that wealth.
workers need to be paid enough to service debt, save money, and be able to consume what they need, and have enough leisure time to enjoy the fruits of their labor.
that is real wealth.
@@lanceringquist815 I agree, and wealth is also the fulfillment we get from making things, sharing things, sharing knowledge and sharing the fruits of our labor. I know maybe it's irrational, but I have a hard time seeking money for anything. I probably wouldn't if value were less subjective because it makes me feel manipulative for trying to come up with such a meaningless price.
@@jareddunlop8411 free trade economics puts a price on everything, and destroys civil societies world wide. it puts money before civil society, its why its always failed. these people need to pay a price for the destruction of civil society.
They mistake currency for money too(ie specie). Based on your words I'll assume you picked your words to make that concise and its a common misperception. Unless that's a quote I haven't gotten to yet.
Oh and you might also like to try looking through the lens of 'money as a claim on wealth'
This video is absolutely terrifying in a deep way.
This why Bernie or Bust
OK so you are terrified. That is a big part of society's problematic reaction to the media... everybody wants to be "terrified."
I guess it's just no fun if you're not.
@@terminaltom1662 what is your point?
Yes, basing one’s understanding of anything on one source is bliss
That is the point!
"one of the main reasons why even sophisticated societies fall into this suicidal spiral is the conflict between the short-term interests of decision-making elites and the long-term interests of society as a whole, especially if the elites are able to insulate themselves from the consequences of their actions.
the reason why even sophisticated societies fail is because the elites are never made to pay a price for their follies"
well 'elite' only refers to who holds the most influence and power at this time and elite itself is not a bad thing. Not realizing that is a bad thing that makes people fear becoming elite, which is really just highly specialized, a great performer, well trained and practiced, basically the best of the best. What we need to do is get rid of that false frame that is abused by manipulative politicians and develop some competition or replacements for the current elite.
That won't be done by promoting dividing policies and beliefs. Defending exclusivity and bigoted rhetoric. It comes from a strength of uniting populist against the current elite who obviously don't value the majority of the planets population.
@@jareddunlop8411 free trade has destroyed americas middle class, and has sent consumption plunging world wide. this is reflected in wages, debt, and the lack of inflation.
the idiots who embraced and shoved down our throats a idiotology that has failed every single time its been pushed onto the world, there should be a price these ghouls have to pay.
cromwell chopped off their heads, it happened in france, in russia they shot them, and in america the clintonites reap massive fee's off the corpse of the middle class and civil society.
they should have to pay a price for selling us out, includes their advisors in and out of government, the elites in academia that live i the land of fairy tales, unicorns, and flying pink elephants.
greenspan went duh, maybe my idiotology blinded me, like duh!
"If “progressives” are too weak and too polite to invest in hate-based initiatives designed to exterminate the Catfood Democrats from office , politics, and the Democratic Party; then the “progressives” deserve the ignoring they get from the Catfood DNC"
@@lanceringquist815 yes. I hate free market. Middle class is the only real class.
@@jareddunlop8411 dean baker a fairly good economists states that free trade economics, is simply a excuse to skew income upwards. he is correct.
That puts it too simple.
it's easy to put the blame on the short sighted goals of the elite.
but how do people expect the elite to operate given the form of our modern democracies?
The politicians career can be broken down to a series of short term spells in different offices with different responsibilities, different constitutents and different level of exposure.
and the voter gets the responsibility to make an informed decision?
the voter that eligble to cast his vote by simply existing for 18 years? no judgement of character needed?
who in their right mind honestly believes that this set up would lead to anything other than a popularity contest in the image of trash/reality tv?
it all boils down to who proposes the most convincing promisses, the most common denominator wins in the end.
down the line this leads to culture degenerating up to the current point and time where the voterbase so corrupt and inept that even the con-artists that call themselves politicians have dropped the ball, falling victim to the same brakedown.
I mean the 'debate' staged by the DNC was frightenibg, we have 40 something year old skateboarding caucasian politicians pretending to be hip while speaking spanish for christs sake.
this is insane, it's crazy.
and yes, punishment for not delivering on the promisses is minimal, and the next round of promise makers already stands in line anyway, while most of the policies made by the earlier disappointments remain law.
adding another ballast to the chain the prisoner that is the nation has to power through.
if this continues we will end up like rome, disappearing from history without the slightest hint how it all unfolded.
thanksfully this time the world has the never forgetting internet... maybe the next civilization can learn what we didn't before it is too late.
I watched this series for the first time in early 2020, and i want to thank you for being one of the catalysts that allowed my turning away from the alt right.
This video changes the way I look at politics and economics. This is such a detailed breakdown of the principles, history and purveyors of this dangerous system it makes sense of the policy decisions of the last forty years...I gotta share this. But I need to see parts 4 5 and 6 of the series.
Probably the most shocking thing to me, is that this video has under 5000 views and only over 150 subscribers to the channel ... although, I guess, it's not as popular as Stormy Daniels or pop- culture celebrity shows, or the BIG Amazon Christmas in July sale or whatever. This is probably one of the best videos I have seen explaining neoliberalism. I still talk to people till this day, who have no idea what neoliberalism is, although they may have heard the name, or misdefined it with being ultra liberal. But this is very importante to have an understanding of, because the word itself and what it's presented as is deceiving. They obviously been working on this transformation for several decades. And YES, it should be challenged, and the 99% of the population should fight and resist this ... I feel that people are slowly waking up to this garbage, after feeling the pains of it. Thank You for the video - - Ranch Chimp Journal
Thanks for the kind words Thomas.
Gotta agree with you there, this is definitely one of the best docs on the subject. Thoroughly enjoyed this one (though more so the information than the implications, obviously)
BarakalypseNow it is excellent I’m lost for words well done 👍🏽
Speaking of garbage, this video is total socialist crap. You should at least thank whatever capitalism and free markets that does exist for supplying you with the tools so you produce this brainless propaganda. You obviously all hate the liberty of voluntary association and much prefer to have your pathetic existence ruled over by elected authoritarian demigods and their bureaucrats who are somehow going to supply you with all your needs and solve all the inequities of the world better than free people operating in a free market. Of course its never happened before and in fact it created the opposite effect but you can't stop fools from believing in the unbelievable.
There is so much wrong with this video on history, economics and ideology, you would be embarrassed at creating it if you had any intellectual credibility. But of course your target audience isn't too bright anyway and won't know the difference between truth and bullshit.
I read the Wikipedia article on neoliberalism and was horrified. I no longer wanted to be called a liberal.
It vile ideology has nothing to do with classical liberalism. Be proud to be called a liberal! I am!
In Italy we distinguish liberism (economical) and liberalism (rights and freedom for everybody). Under the influence of US the distinction is starting to blur.
@@mavrospanayiotis I think you mean libertarianism. Neo-liberalism is a kind of libertarianism.
@@Thomes-Maisling there are socialist libertarians, some fringes of libertarianism can identify as neo-lib.
You have a criminally low amount of subs for the quality of work that you're putting out. I'm about to watch part 2 right now!
Wow this a criminally underrated and underviewed series of videos. This is so comprehensive, I love it. Keep it up comrade!
This is maybe the best
commentary on economics, politics, and culture I've ever seen.
Very well done. Deserves far more attention. More people need to understand this!
This is really important. Having grown up in the post-WWII years and not being an economist, I was seeing the increasing effects of neoliberalism all the time without knowing the word for it
Needs to be taught in high schools everywhere. Then reinforced again in college. Finally, this should be the bible for activists everywhere.
That sounds like the whole process of brainwashing!
@@darmaw22 Brainwashing? Like saying the Pledge of Allegiance before school every single day for twelve years except the weekends unless there is a weekend school event, before every political event, before every sporting event? Learning the Star Spangled Banner and being required to put your hand over your heart and stand when it is played before sporting events and at every official gathering for whatever purpose and even before certain concerts and entertainments, and America the Beautiful as well? Brainwashing like learning that two political parties are all we need or that we should honor those who "gave their lives for our country" regardless of the reason or lack thereof for wars? Brainwashing like teaching every child to be a good consumer, a poor saver, that having things makes you successful? Brainwashing like religious instruction in whatever religion you were brought up to believe unconditionally, except that in most parts of the country we say this is a Christian country and everyone is encouraged to believe in Christianity? That kind of brainwashing?
Well, I think we should teach our children what has been done to them and why, and also what can be done about it. We should not teach our children to follow blindly and respect authority only for authority's sake. We should teach our children the truth and to be determined to better their lives despite the current power structure encouraging docile parroting of platitudes. Oh, the horror! Your kid thinks the President is a criminal and a liar. How can you say a democratic socialist has a point and maybe we should listen to him? You read Marx? Why?
Please, do not say I am for indoctrination. I am for an open discourse on many subjects and for true learning, reason and most of all, I am for intellectual honesty.
@@helengarrett6378 You said well yourself, and you have just parroted a bunch of platitudes without the slightest self-reflection on your initial proposal.
@@darmaw22 Prove your point. You just put what I wrote down without thought. There might be better ways of governing. I think there are. I just want you to look at our failures without blaming the victim. I just want you to open up to possibilities. You will grow.
@@helengarrett6378 Have you thought under what conditions your proposal could be implemented? I mean your proposal that what you believe is true is to be taught in high schools everywhere; and to be reinforced in colleges; and also to make the teaching as authoritative as the Bible.
If you work hard, you gona make it. You gona become a billionaire. They said that in the 60's. My father had 3 jobs, worked himself to death.
I love the content, just not the pacing. If you listen to most documentaries, you will notice the is a pacing or cadence in the spoken narrative. Speak a little, then give some time to absorb. This series would be a lot easier to listen to with some added space... thanks. Look forward to this series.
I appreciate the feedback.
True, I had to pause it and rewind several times to digest and follow the thread. Lots of information, very dense! Loved it though, thanks for doing this.
try listening at .75.
Good info but via a firehose.
Jon R. Olsen it then becomes too slown pity TH-cam doesn't give a free to choose play rate
The more I learned about politics, the more did I realize that the economy is the heart of everything. It is in my opinion a very natural and almost inevitable realization.
And with this realization, I began to reencounter this one all encompassing term again and again and again.
for me, I didnt wante to accept this from a young age. I didnt wanted to accept that something so trivial influences everything, but it does. And I am forced to change my opinion by our cultural and political system geared toward money hoarding, cumulation, ownership. Intelect has nothing to do with the gambling nature of business. Those who claim that know the market, lie. Thats why we only see "visionaries", people who make it after 3rd or 4th time and many capital rounds later. Wich is equivalent of buying your hand at the gambling table. Wich is sad as we were indoctrinated not to live free as owners, to strife for it, but to live as servants for others based on our skill teched in schools. Resulting in inability to escape the servant system, wich is "employment". Wich is wage slavery. Slavery with extra steps.
@@sayonaradesu1087 The problem is not that many people serve. Everyone *should* serve society. The problem is that there are self-appointed "masters", who declare their own vested interested to *be* the societal interest ("we're the job creators, the movers and shakers" etc etc).
This needs to be shown and discussed in high schools across the globe. And then discuss the idea, from the economist Simon Patten, that there is a fourth factor of production - government infrastructure (utilities, public transportation, housing, health care, education, police/fire, mineral rents, intellectual property, broadband spectrum) provided either free or at cost, thus enabling people to have disposable income to spend in the private business sector.
This series is amazing. Thanks so much for making it. I hope this can help educate the masses in this critical area. I hope you are working on part 4!
i love finding channels like this. this video was extremely well made and presented and you deserve a hell of a lot more subscribers
Amazing video! The biggest danger of neoliberalism is just how inconspicuous it is despite how pervasive it has become, a capitalist realism which by being accepted without question undermines the political discourse and participation that is central to democracy. The ideology that currently dominates the world must not be something that continues to be ignored if we are to challenge it.
Ive come back to watch this series numerous times over the years to share with family and friends. Thank you, and well done!
This is a must watch video for all people on this planet.
Thank you for making this series! In a time where more and more people are complaining abut a global neo-Marxist conspiracy that runs the world this is sorely needed. Especially when neo-liberalism is the status quo, even in my supposedly Socialist home country of Sweden.
As a Brit, I'd contest the implication that the main left party can be called 'liberal' in the same way US parties are liberal. Yes, liberal ideology came to infest the left party in Britain under Kinnock and Blair, but this is even more egregious than in the US since the party is the 'Labour Party' and our constitutional framework is pre-liberal and pre-enlightenment. Attlee's welfare state took ques from the studies of Rowntree, a liberal, the key difference is that Attlee's government used reasoning to get there that was radically different. The Health Minister Nye Bevan, founder of the NHS, was an ardent socialist. For me this is why British liberalism is more insidious than in the States - we have a Conservative Party and a Labour Party (not necessarily a socialist party, but a party which represents workers) and both have been remade in the image of liberalism.
Well I certainly wouldn't call Jeremy Corbyn a Neoliberal.
@@geddydesmond451 Exactly. Corbyn's relatively loyal to the beliefs of pre-Blair Labour, and so he proves that we can't consider the left party of Britain traditionally 'liberal' by any definition really.
I do believe in a free market but it's absolutely moronic to think it will solve everyone's problems on its own.
Capitalism only works in an environment of competition and consumer choice, but the free market can't maintain that on its own.
You need strong and robust Anti-Trust laws to break up monopolies. You need a strong education system that doesn't favor the wealthy. You need to heavily regulate essential businesses.
Workers' and consumers' rights need to be protected to put pressure on careless companies. Wealth distribution such as a livable minimum wage and UBI is needed to maintain consumer choice.
Wish I'd seen this 2 years ago, could have saved me a lot of time coming to the same conclusion! Stunning work.
"Free trade rhetoric almost always serves a magical function: It erases ugly, violent political realities and replaces them with clean, natural progress. To its evangelists, free trade isn’t just a way to maximize profits and production. It offers a path to the elimination of human evil."
And it plays out like "Voodoo Economics," badly.
@@Syncopator "bill clintons free trade,
This is an inevitable consequence of a global economy that is:
Destroying Earth’s capacity to support life.
Creating the greatest economic inequality in human history.
Driving disintegration of community and family relationships.
Stripping funding from social safety nets.
These are indicators of terminal economic failure.
bill clinton did this,
Allowing corporations to write the rules of global commerce to favor their purely private interests was a grave error"
Dude this is fire excellent work, beyond stoked that there is already over an hour in the next 2 episodes to binge
Neoliberalism is like Matrix - a prison you cannot taste or see but deep down you feel something is terribly wrong.
I don’t think Bernie would be considered a democratic socialist but more of a social Democrat
Oh my goodness this is well done. Problem is that people aren’t interested in learning, just in justifying their ideals. Imagine what the world would be like if we challenged these ideals. YANG 2020!!
Yang's a libertarian like Ron Paul. According to the propaganda in this video, libertarian=neoliberalism. But the author "loved" your comment. Just wow.
@@geddydesmond451 You misunderstood the point. I said neoliberals are sometimes referred to as libertarians, without conflating the two in terms of their actual positions. Also, I liked the comment for reasons other than wanting to promote Yang.
Thank you for for this amazing video. I've been recently interested in politics (US in particular) and this really helps explain a lot about the roots of some of the most common ideologies. Can't wait for more videos
I just came to revisit this video, amazing work indeed, relevant as always. Thanks for your hard work doing this series of documentaries
A few details I noticed you didn't bring up was in regards to mass migration which neoliberalism advocates to compress wages, fractional reserve banking and MMT which allows major lending of money which the banks don't own and the latter being responsible for the consistent reduction of buying weight.
Me personally I'd terminate so many of these policies and get a "fresh start" on economics and terminate all those bailouts and subsidies to the banks and corporations.
This is such a great video I am watching it again years later, after watching it many times already. Great work!
“All this is contrary to what classical economists urged. Their objective was for governments elected by the population at large to receive and allocate the economic surplus. Presumably this would have been to lower the cost of living and doing business, provide a widening range of public services at subsidized prices or freely, and sponsor a fair society in which nobody would receive special privileges or hereditary rights.
Financial sector advocates have sought to control democracies by shifting tax policy and bank regulation out of the hands of elected representatives to nominees from world’s financial centers. The aim of this planning is not for the classical progressive objectives of mobilizing savings to increase productivity and raise populations out of poverty. The objective of finance capitalism is not capital formation, but acquisition of rent-yielding privileges for real estate, natural resources and monopolies.
These are precisely the forms of revenue that centuries of classical economists sought to tax away or minimize. By allying itself with the rentier sectors and lobbying on their behalf - so as to extract their rent as interest - banking and high finance have become part of the economic overhead from which classical economists sought to free society. The result of moving into a symbiosis with real estate, mining, oil, other natural resources and monopolies has been to financialize these sectors. As this has occurred, bank lobbyists have urged that land be un-taxed so as to leave more rent (and other natural resource rent) “free” to be paid as interest - while forcing governments to tax labor and industry instead.
To promote this tax shift and debt leveraging, financial lobbyists have created a smokescreen of deception that depicts financialization as helping economies grow. They accuse central bank monetizing of budget deficits as being inherently inflationary - despite no evidence of this, and despite the vast inflation of real estate prices and stock prices by predatory bank credit.
Money creation is now monopolized by banks, which use this power to finance the transfer of property - with the source of the quickest and largest fortunes being infrastructure and natural resources pried out of the public domain of debtor countries by a combination of political insider dealing and debt leverage - a merger of kleptocracy with the world’s financial centers.
The financial strategy is capped by creating international financial institutions (the International Monetary Fund, European Central Bank) to bring pressure on debtor economies to take fiscal policy out of the hands of elected parliaments and into those of institutions ruling on behalf of bankers and bondholders. This global power has enabled finance to override potentially debtor-friendly governments.”
Excerpt From
Killing the Host
Michael Hudson
Excellent video, shared it multiple times
Look forward to watching the rest of the series
really highlights the strength of the propaganda around us that most are totally unaware of, great video
This video has so few views and is so well done thank you for your hard work whoever you are
this was so fascinating, thanks for making this
Great work, I'm excited to watch the rest of this series by you
Well done! I regard this as required viewing for everyone on earth.
YES, BUT is it not amazing NO ONE knows what it is.. convenient eh?
@Do you Think bro? then what in your opinion would be a better way to organise the society?
@Do you Think bro? Which is actually cool
@Do you Think bro? But that's not Socialism. You get to not be homeless on the streets and you always have Health Care but working IS needed and encouraged, even more than in Capitalism since all workers would have an incentive to work since working would give them control over the profits of their own work and a vote in the worker council (possibly even a spot in said council if they work up to it).
@Do you Think bro? How is that "too much"? It's exactly perfect, it provides basic human rights without encroaching on economic freedom. Even taxes wouldn't be a big issue, in the USSR most taxes were done on worker owned enterprises themselves and that didn't impact the individual worker very much.
"Convergence of corporate and political power.." That's fascism.
Isn't fascist corporatism where you have state ownership but private management?
@@samuel5742 No, not strictly speaking. Fascism advocates for private ownership i.e. a capitalist style economy where the government is small, authoritarian, & it's soul purpose is protecting said property and the autocratic class. Hence the blending of corporate and government power. Any government/ economy where the government owns said property (whether it's privately operated or not) is communism.
@@samuel5742 Depends on the definition. Add in authoritarian control of dissent along with a corporate/gov't revolving door of power and you've got it. We're close but the Bill of Rights offers protection. Once they want to put you jail for misgendering someone it's over. Wrongthink is a thought crime. Imagine if ANTIFA ran the gov't and the corporations. One party rule with violence.
That's Mussolini's definition, anyway.
@@natalieschreiber7785 Leninist Socialism.* Communism is the thing that theoretically comes after that, a stateless classless moneyless society, possible because we've developed to a point of abundance, species consciousness, and unity through the careful human focused planning under the powerful State. Socialism, in it's many forms, is an attempt to bring communism about. Lot of different ideas on that. It's not always authoritarian. The powerful state can be extremely democratic. The Mondragon co-op in Spain is a massive socialist project operating democratically in the market. (It should he noted that capitalist institutions are dictatorships. Major shareholders wield dictatorial power.) Councilism is an extreme left ideaology with wildly decentralized power that operated with great success in revolutionary Catalonia.
Fantastic video! Great research. Stoked for the series. Thanks for creating it!
"Its a temple. We all live under its shadow and almost none of us knows it..."
That's why ASOIAF is the best fantasy series ever: realism.
"Google" is the Greatest engine of neoliberalism these days!
Thank you for the insightful summery of what has been going on since the 1980's.
These ideas helped pull New Zealand out of a financial hole in the 1980's so they are not necessarily all bad. The way the were implemented in NZ focused on making compliance costs for small business easier and encouraged a blossoming of small value added or adding businesses.
But it is also easy to see the havoc these strategy's have caused globally in the areas of wealth inequality and in the destruction of our environment on which we all depend, over this time period.
Ahhh why couldn’t youtube recommend this to me a year ago? It shoulda known this kind of thing would be my jam.
Really looking forward to watching this, so far it seems really well made!
Thanks ✌️✌️
This is great work. Thank you very much. Can't wait to watch the rest.
It’s a lot to digest but great to get an overview of how we ended up in the mess we are in today. Time for a new economic framework that is regenerative and fair.
I live in Argentina, and the concept of neoliberalism is pretty commonly known
To be fair Latin America was kind of the testing ground for neoliberalism
Yeah, dictators and despots have nothing to do with it.
wopalongcassidy Seems like you haven't read _The Shock Doctrine_.
you mean commonly misunderstood, south american leftist dont understand economics at all.
@@verbulent_flow6229 The shock doctrine is full of leftist lies and they expect people not to actually check the stuff they pass as facts....
Watching this in the current political climate and yep, you called it!
Brilliant - straight into my favourites list & I’ll try to get people to listen to it.
You have a very concise and pleasant way of presenting information. Subscribed!
A critical subject. Excellent explication and very important information needed today. Thanks so much for this detailed and succinct essay.
Hopefully the next video will describe how it's any different from plain old free market economics
Thankyou for this wonderful explanation. I will recommend it to anyone that wants to know about these systems and where they came from.
Excellent and informative analysis. Thanks for posting the series!
God Bless You for the Awesome Job explaining what is the term Neoliberalism, I went through three videos and still did not understand what this term meant, and you narrowed everything down and now I have a full understanding! Thanks a Bunch:)
Yes, I too went through several videos on the concept without even grasping the meaning of the term.
Great stuff you have here mate. It reminds me a lot of Adam Curtis’ heritage documentaries!
I am one of your top tier supporters on Patreon for years now... and I havent regretted it
This is an Incredible video its importance can't be overstated
I just discovered this video and it has opened a new sector of understanding in my mind in a matter of a few minutes. The turmoil we are in makes so much sense now.
A cynic was once described as someone who knows the price of everything and the value of nothing. Always thought that that summed up a lot of free trade mentalities towards what constitutes a "successful" economic model. The structure of policy formation and implementation stresses UNDERSTANDING your value for progress as the foundation BEFORE planning and implementing anything. If we start with assumptions of x being right, only then can we theorize, test, and implement plans to get x.
It is in a system in which you have been told that x is right, but that plan y will get you there when you run into issues. But these are obvious issues to understand. The beauty in my opinion of neoliberal ideology is that it convinces you that x was never what you wanted from the start. It has a better x, better values, forms a more right foundation of human behavior, and is a truth claim to some extent.
Finally, when that breaks down and you realize that well, you do know what you value (a certain kind of economic and social freedom perhaps, etc.) and this system won't deliver it, the system counterclaims that you are impinging upon the "freedom" it delivers for others (anti-tax sentiments, redistribution arguments). All economic systems are also rooted in forms of social prejudices, so it becomes even harder to untangle how that skews individuals valuation of the system itself. Well I digress, great introduction to what I hope is an intelligent and inspiring video series. Nice work.
Yes! Just come back to watch again, views are shooting up! Excellent
Really interesting! Well made! (Dan is promoting
BarakalypseNow in Korea!)
Excellent essay. We need this now more than ever.
Congrats on reaching 200k views. Great video and series.
Thanks for the support!
Most important video on TH-cam.
Your documentary is well done made!
I learned a lot thank you! 👍
Very informative. It might be worth including the fact that the federal reserve has a mandate to keep wages down and that the neoliberal capitalist economy requires 5% of workers be unemployed to prevent wage inflation.
I keep coming back to this series.
Amazing work.
This explanation is true and good, but also limited. Michael Hudson goes into detail about commonality between real Adam Smith and early free market proponents and Karl Marx insights into markets. Smith HAD socialistic style goals, but not outright total socialism.
Most economic/political terms don't mean what they used to mean.
Hats off yo you. You’ve created quite a powerful presentation here.
Thank you !!
I really loved this video and this video series. It is truly a great work, but there is just one thing. You gave examples of military coups and dictatorships backed by the US, and how they implemented neoliberal policies and reforms, but the Brazilian 1964 coup and its following 21 year long dictatorship, as terrible as it was, wasn't neoliberal. The military regime was extremely nationalist, and exerted great control over the economy, pushing towards Brazil's industrialization through the substitution of imports and the control of strategic sectors by State companies. It was, of course, extremely unequal, with Brazil's wealth inequality increasing dramatically as well as our foreign debt. Our neoliberal experiments would come soon after the end of the regime, in the 1990s.
Your work is important and perhaps one of the best introductions to this (unfortunately) very important topic.
May I suggest you look into cooperatives and various ways to organize human social life based on voluntary democracy (see e.g. Gar Alperovitz ). Not just are these ways of organizing morally correct (in my opinion) but have socially positive effects externally and internally. In this way we can even defeat Neoliberalism in a form of jujitsu by "promoting private initiatives in society". If we organize and take over control over the state, then the state can have an important role in creating these institutions, building up a strong welfare society and create a much needed better world. But, one day, if we all have individual freedom and collective freedom, then the state has no point, gets in the way and has served its purpose.
This deserves far more views...
Amazing video, very entertaining considering the subject. Thank you.
thank you for this! - fun that these manipulators managed to appropriate Adam Smith by completely obliterating that his intention was to critique feudalism, while neoliberalism has managed to convince the masses that capitalism is no more about fair competition (= meritocracy. - of course we like that idea) but about the wonders of a neo-feudalism based on owning financial assets instead of land and the 'serfs' on them.
Awesome presentation - I'll be sure to share this video with anybody inquisitive enough to engage.
This was awesome!
Really great video.
This has been very informative. I'm not quite convinced yet, but I'm receptive to learning more.
Keep up the good work.
I dunno if you've improved this in your newer videos, but I found this to be slightly on the fast side. It's not much of an issue, but I found myself having to pause and rewind a few times while watching.
Yours is right there with “The Nightmare of Dreams”
What's that if I may ask?
Frisbetarian What I am talking about is a series of documentaries that exposes radical Islam and Neoconservativism in America.
@@buckeyewill2166 Exposes radical Islam in the U.S? What's there to expose exactly?
amazing video, i will recommend to my Industrial Sociology Lecturer
Wow what a great video! Any books or other materials about neo-liberalism that u can recommend to me.
WOW you've nailed it brother. Great job.
Excellent series, looking forward to your upcoming videos
"free trade,
War Is Peace, Freedom Is Slavery, Ignorance Is Strength.
And if Orwell were still around, perhaps he would add:
Austerity is Prosperity."
gonna go cry myself to sleep now, thanks
Incredible work. Thanks so much.
I think such a complex subject should not be narrated with haste and an "overwhelming" amount of visual information. It is hard, for me, to follow, to listen, think and discern at that pace, without somehow being absorbed into the tendency to either, loose interest or to just give up and somehow agree to what is being said. Feels hypnotic. I am not saying that the information and view presented in the video is invalid or inconsistent. Anyhow, thanks for the effort and for sharing this with us.
I like how you try to stay objective and factual and leave bias aside. I really enjoyed it, but I’m certain it would be above most peoples heads. This for the “physician” rather than a “patient education” version of the material. Can you recommend a video?