Neoliberalism and the Transformation of Work
Various writers see the dramatic concentration of power and wealth that currently exists in the USA as constituting a new Gilded Age. Similar to the extreme inequalities and abuses of industrial capitalism that were rampant in the late nineteenth century, this new Gilded Age is promoted by a radical pro-market agenda associated with the term “neoliberalism.” Neoliberalism can be regarded as an ideology, a form of governance, and a set of norms, policies, and practices that seek to eliminate or at least minimize the welfare state, discourage civic values such as solidarity and social/economic justice in favor of competition and individual freedom, and establish a society based on the rule of the market. In fact, under neoliberalism, the calculating logic of the market—one that submits every action and policy to considerations of profitability—serves as the guiding principle of virtually every aspect of social life.
KeywordsNeoliberalism Structural violence Organized labor Automation Outsourcing Economic insecurity
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