Neoliberalism Is A Political Project For Restore Class Power

Neoliberalism has a tendency to increase social inequality and this tendency is no accident. The rich thorough military force political maneuvering and the construction of mass consent decimate social infrastructure and break trade unions and social movements in order to cement class power. Proof that neoliberalism is more about class power than economic efficiency can be found in the numbers. The global picture looks, at least on the surface, to be very bleak. The poorest 40 percent of the world’s population accounts for 5 percent of global income. The richest 20 percent accounts for three-quarters of world income . Income inequality increased by 32% between 1960 and 2005 in the UK and in the US it increased by 23% . Neoliberal governance often departs from the theoretical template, providing further proof for Harvey’s thesis that neoliberalism is a political project to restore class power. These pragmatic departures prove very beneficial to the rich and in turn result in increased inequality and poverty. Harvey argues that neoliberal governance has two fundamental biases which show how favouring class power trumps the theoretical framework. Firstly, in practice neoliberal governance always favours fostering ‘good investment’ over ‘good business. Second, neoliberal states ‘typically favour the integrity of the financial system and the solvency of financial institutions over the well-being of the population or environmental quality’ . The reliance neoliberalism places onShow MoreRelatedThe Collapse Of The Soviet Union1387 Words   |  6 Pagescountry to country, the foundation among all the states was to rebuild the region through multipolarity and solidarity. 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