Red Revolution is delighted to announce the publication of a new e-book by one of our contributors, David McCulloch.
David, who contributed heavily to our coverage of the questions raised by over voting irregularities at the last election has written an excellent explanation and overview of neoliberalism in plain language under the title The Real Miracle of Neoliberalism. The book asks some of the central questions surrounding the policies that are central to the struggles of our age.
An explanation of Neoliberalism in plain English. This book asks some fundamental questions: What is Neoliberalism, and why is it important to our lives? Is it miraculous because it has enhanced world prosperity? Or does its miracle hide in the success of its propaganda, to the extent that many poorer people feel compelled to vote for the rich to have more? After examining the history of Neoliberalism and its effect, including a detailed discussion of Britain, how does it fulfil our immediate needs of dealing with a pandemic and offsetting global warming?
David has kindly provided us with three articles giving an introduction and background to the themes published in his book.
The Real Miracle of Neoliberalism
What is Neoliberalism, and why is it important to our lives? Is it miraculous because it has enhanced world prosperity? Or does its miracle hide in the success of its propaganda, to the extent that many poorer people feel compelled to vote for the rich to have more? In this series of three articles, I’ll be examining these key questions and talking about what should be done, both to promote world prosperity and to address global issues such as climate change.
The challenge to many is that economics is either boring or a black art not worthy of consideration. Yet constantly in the media, you will be faced with economic details about growth, or employment, or, conversely, poverty. The further dilemma is that we are fed sound-bites by the media and statements are trotted out with unassailable confidence by politicians, so we either take them at face value or question them. Thus, consideration of simple economic principles will help you separate truth from fiction.
What is Neoliberalism?
In the western world, we hear the term used as though it is the only economic system worth considering, and anything else is heresy. In straightforward terms, Neoliberalism is unregulated, or free-market, capitalism. Neoliberals often argue that removing ‘red tape’ and trusting the market will help us release our national potential. To a true Neoliberal, all services are best provided by private companies, with the state taking a secondary supporting role as facilitator and sometimes as the backer of last resort.
There are so many statements trotted out with assurance,, bordering on arrogance by politicians: ‘Competition is healthy…it results in lower prices…we all know that low taxation brings growth’ are some examples
To understand its scope and impact, it is necessary to answer a few questions:
Where did Neoliberalism start and what is its intent?
What has it achieved and what is the evidence of its success?
Does the miracle lie in its success or the fact that we blindly ignore its intrinsic failures, and what about the future?
In my eBook, I discuss such questions in detail. In the next article, I’ll be examining its cause and effect.
After retiring from full-time work as a systems manager, David qualified in business studies and devotes time to photography and writing on topics of social interest. The Real Miracle of Neoliberalism is his first book.
The eBook The Real Miracle of Neoliberalism by David McCulloch is available on-line from various stores at https://books2read.com/u/mKz9YZ and is priced just $2.99