This is the Accepted Version of a forthcoming article that will be published by Sage in Critical Sociology: https://uk.sagepub.com/en-gb/eur/journal/critical-sociology Accepted Version downloaded from SOAS Research Online: http://eprints.soas.ac.uk/22614 Thirteen Things You Need to Know About Neoliberalism Ben Fine Department of Economics SOAS, University of London, UK
[email protected] Alfredo Saad-Filho Department of Development Studies SOAS, University of London, UK
[email protected] ABSTRACT This article examines the theories and practices of neoliberalism across thirteen aspects of (‘things you need to know about’) neoliberalism. They include the argument that neoliberalism is not reducible to a cogent ideology or a change in economic or social policies, nor is it primarily about a shift in the relationship between the state and the market or between workers and capital in general, or finance in particular. Instead, neoliberalism is a stage in the development of capitalism underpinned by financialisation. Neoliberalism by its nature is highly diversified in its features, impact and outcomes, reflecting specific combinations of scholarship, ideology, policy and practice. In turn, these are attached to distinctive material cultures giving rise to the (variegated) neoliberalisation of everyday life and, at a further remove, to specific modalities of economic growth, volatility and crisis. Finally, this paper argues that there are alternatives, both within and beyond neoliberalism itself. Keywords: Neoliberalism, Capitalism, Crisis, Keynesianism, Marxism. 1 Introduction Oh no, not another piece on neoliberalism, synthesising what has gone before, adding its own particular angle, and thereby compounding the confusion as much as clarifying what has gone before.1 And, what’s more, written with a popular title along the lines of Ha-Joon Chang’s (2011) 23 Things They Don’t Tell You About Capitalism.