How Reaganism Gutted America and How to Restore Its Greatness
America's most popular progressive radio host and New York Times bestselling author Thom Hartmann reveals how and why neoliberalism became so prevalent in the United States and why it's time for us to turn our backs to it.
With four decades of neoliberal rule coming to an end, America is at a crossroads. In this powerful and accessible book, Thom Hartmann demystifies neoliberalism and explains how we can use this pivotal point in time to create a more positive future.
This book traces the history of neoliberalism-a set of capitalistic philosophies favoring free trade, low taxes on the rich, financial austerity, and deregulation of big business-up to the present day. Hartmann explains how neoliberalism was sold as a cure for wars and the Great Depression. He outlines the destructive impact that it has had on America, looking at how it has increased poverty, damaged the middle class, and corrupted our nation's politics.
America is standing on the edge of a new progressive era. We can continue
down the road to a neoliberal oligarchy, as supported by many of the
nation's billionaires and giant corporations. Or we can choose to return to
Keynesian economics and Alexander Hamilton's “American Plan” by raising
taxes on the rich, reversing free trade, and building a society that works
for all.
https://bkconnection.com/books/title/The-Hidden-History-of-Neoliberalism
Table of Contents - Summary created by ChatGPT
Check to Show Only Chapter Names
Foreword by Greg Palast
In the Foreword Greg Palast sets the stage for the book by providing his
perspective on the impact of neoliberalism on American society. Palast,
an investigative journalist and author, introduces Hartmann's work as a
comprehensive exploration of the neoliberal ideology and its
consequences.
Palast begins by acknowledging the mainstream portrayal of neoliberalism as an economic theory focused on free markets and deregulation. However, he argues that this perception ignores the underlying power dynamics and the devastating effects of neoliberal policies on working-class Americans.
Palast highlights the interconnectedness of global economic forces and their influence on domestic policy decisions. He points out that the consequences of neoliberalism, such as rising inequality and the erosion of workers' rights, have been felt not only in the United States but also across the world.
Furthermore, Palast emphasizes the role of Hartmann's book in uncovering the hidden history and ideology behind neoliberalism. He praises Hartmann's meticulous research and his ability to connect the dots between seemingly disparate events and policies.
Palast concludes by emphasizing the urgency of challenging the neoliberal agenda and creating a more equitable and just society. He commends Hartmann for providing a roadmap for restoring America's greatness by dismantling the neoliberal framework and reclaiming the power of democracy.
Overall, Palast's "Foreword" sets the tone for the book by framing neoliberalism as a destructive force that has shaped the American political and economic landscape. It underscores the significance of Hartmann's work in exposing the hidden history of neoliberalism and calling for a paradigm shift to restore fairness and democracy.
Introduction: The Plot To Save The World
In the introduction, titled "The Plot To Save The World," Hartmann sets
the stage by highlighting the devastating effects of neoliberal policies
on American society and proposes a path to reclaiming the country's
greatness.
Hartmann begins by presenting the central thesis of the book: neoliberalism, a political and economic ideology that emerged in the late 20th century, has been instrumental in dismantling the social safety net and exacerbating income inequality in America. He argues that this ideology was not a natural development but rather a deliberate plot by a group of influential individuals who sought to reshape the world to benefit the wealthy and powerful.
The author traces the origins of neoliberalism back to the early 20th century, with the works of economists such as Friedrich Hayek and Milton Friedman. These intellectuals, who were deeply critical of government intervention and championed laissez-faire capitalism, provided the ideological foundation for what would become Reaganism in the 1980s.
Hartmann then delves into the rise of Ronald Reagan, portraying him as a key figure in the implementation of neoliberal policies in the United States. He argues that Reagan's presidency marked a turning point, as his administration pushed for tax cuts, deregulation, and the dismantling of social programs. This, in turn, paved the way for an era of corporate dominance, income inequality, and a weakening of democratic institutions.
The consequences of these policies, according to Hartmann, have been disastrous. He points to the erosion of workers' rights, the decline of labor unions, the outsourcing of jobs, and the concentration of wealth among a small elite as evidence of neoliberalism's negative impact on American society. The author suggests that the erosion of the middle class and the growing economic precarity faced by many Americans can be attributed to the neoliberal agenda.
However, the introduction doesn't dwell solely on the problems caused by neoliberalism. Hartmann also presents a glimmer of hope, as he outlines a vision for restoring America's greatness. He emphasizes the need for a revitalized New Deal, akin to the policies implemented by President Franklin D. Roosevelt in response to the Great Depression. This would involve a reimagining of the social contract, prioritizing the well-being of the majority rather than the few.
In conclusion, "The Plot To Save The World" sets the stage for Thom Hartmann's exploration of neoliberalism in "The Hidden History of Neoliberalism." The introduction provides a comprehensive overview of the ideology's origins, its impact on American society, and the potential for a progressive alternative. Hartmann aims to shed light on the historical forces that have shaped America's current socio-economic landscape and offers a roadmap for restoring the country's greatness by challenging the neoliberal status quo.
01 - Save us from the utopians
In this chapter, Hartmann explores the intellectual origins of
neoliberalism and its rise to prominence during the Reagan era.
Hartmann begins by discussing the ideas of Friedrich Hayek, an influential economist who is often considered the intellectual father of neoliberalism. Hayek's book "The Road to Serfdom" argued against government intervention in the economy, warning that it would inevitably lead to totalitarianism. Hayek's ideas gained traction among conservative thinkers and served as a cornerstone for Reagan's economic policies.
The chapter then delves into the influence of the Mont Pelerin Society, a group founded by Hayek and other like-minded intellectuals in 1947. Hartmann highlights the society's mission to combat what they saw as the encroachment of socialism and collectivism. He explores the connections between the Mont Pelerin Society, conservative think tanks, and the formation of a neoliberal ideology that would shape policy decisions in the decades to come.
Hartmann also examines the political landscape leading up to Reagan's presidency. He discusses the conservative backlash against the social reforms of the 1960s and the subsequent rise of the New Right, a coalition of conservative politicians and interest groups. This coalition, driven by the ideas of neoliberalism, sought to roll back the social safety net and reduce the influence of government in the economy.
Furthermore, the chapter explores the role of corporate interests in promoting neoliberal policies. Hartmann argues that corporations, seeking to maximize profits and diminish government regulations, actively supported Reagan's agenda. He discusses how corporate-funded think tanks and lobbying efforts played a crucial role in shaping public opinion and policy decisions during this period.
In conclusion, chapter 01 provides a comprehensive overview of the intellectual origins and political context surrounding the rise of neoliberalism in the United States. Hartmann elucidates the influence of Friedrich Hayek, the formation of the Mont Pelerin Society, and the role of corporate interests in promoting this ideology. By tracing the trajectory of neoliberalism, the author lays the groundwork for understanding its impact on American society and sets the stage for further exploration in subsequent chapters.
02 - The birth of Neoliberalism
In this chapter, Hartmann delves into the historical context and key
events that contributed to the rise of neoliberalism as a dominant
economic and political ideology.
Hartmann begins by examining the economic turmoil of the 1970s, characterized by stagflation—a combination of stagnant economic growth and high inflation. He argues that this period created a crisis of confidence in Keynesian economics, which had previously guided government policy in the post-World War II era.
The chapter explores the influence of economist Milton Friedman, another prominent figure in the development of neoliberal thought. Friedman's belief in free markets and minimal government intervention, as outlined in his book "Capitalism and Freedom," gained popularity and provided a theoretical foundation for neoliberalism.
Hartmann then shifts focus to the political landscape of the time, highlighting the election of Margaret Thatcher as Prime Minister of the United Kingdom in 1979. Thatcher implemented a series of neoliberal policies, including privatization and deregulation, which served as a blueprint for Reagan's subsequent presidency in the United States.
The author examines the political strategies employed by Reagan and his advisors to promote neoliberalism. Hartmann argues that Reagan's appeal to conservative values, such as individual liberty and limited government, resonated with many Americans who were disillusioned with the perceived failures of the welfare state.
Additionally, the chapter explores the influence of corporate interests in shaping neoliberal policies. Hartmann emphasizes the role of organizations like the Business Roundtable, which consisted of CEOs from major corporations, in promoting deregulation and tax cuts that favored the wealthy.
In conclusion, chapter 02 provides a historical account of the birth of neoliberalism, focusing on the economic and political factors that contributed to its rise. Hartmann highlights the intellectual influence of Milton Friedman, the political successes of Thatcher and Reagan, and the role of corporate interests in advancing the neoliberal agenda. By examining these key developments, the chapter sets the stage for understanding the implementation and consequences of neoliberal policies explored in subsequent chapters of the book.
03 - Neoliberalism's Fathers: Mises, Hayek and Friedman
This chapter delves into the lives, ideas, and influences of three key
figures who shaped the neoliberal ideology: Ludwig von Mises, Friedrich
Hayek, and Milton Friedman.
Subsections;
- Ludwig von Mises and the Critical Race Theory of neoliberalism
- FA Hayek vs. the birth of Democratic Socialism
- Milton Friedman
Hartmann begins by discussing Ludwig von Mises, an Austrian economist who is considered one of the founding fathers of neoliberalism. He explores Mises's belief in individualism, limited government, and the free market, as well as his critical view of socialism. Hartmann also introduces the concept of "Critical Race Theory of neoliberalism," which argues that neoliberalism perpetuates racial inequalities by focusing on individual outcomes rather than addressing systemic racism.
The chapter then delves into the life and ideas of Friedrich Hayek. Hartmann presents Hayek as a staunch defender of individual freedom and opponent of collectivism. He highlights Hayek's influential work "The Road to Serfdom" and its warning against the dangers of government intervention in the economy. Hartmann also explores the ideological battle between Hayek and the rise of democratic socialism, particularly in post-World War II Europe.
Next, the chapter focuses on Milton Friedman, an economist known for his advocacy of monetarism and free-market capitalism. Hartmann examines Friedman's belief in the role of the market as a mechanism for resource allocation and his emphasis on limited government intervention. He also discusses Friedman's influence on economic policies during the Reagan era, particularly with regard to tax cuts and deregulation.
Throughout the chapter, Hartmann highlights the influence of these thinkers on the development of neoliberalism and their impact on public policy. He suggests that their ideas provided the intellectual framework for Reaganism and the subsequent erosion of the social safety net.
In conclusion, chapter 03 provides an in-depth exploration of the lives and philosophies of Ludwig von Mises, Friedrich Hayek, and Milton Friedman—the key fathers of neoliberalism. Hartmann reveals how their ideas shaped the neoliberal ideology, addressing both their theoretical contributions and their influence on real-world policy decisions. By understanding the intellectual underpinnings of neoliberalism, the chapter offers insight into the motivations and consequences of the neoliberal agenda explored in subsequent chapters of the book.
04 - Neoliberalism Goes to Work
In this chapter, Hartmann explores the impact of neoliberal policies on
the American workforce and labor relations.
Hartmann begins by discussing the rise of union-busting efforts and the decline of labor unions in the United States. He argues that neoliberalism, with its emphasis on individualism and free markets, weakened the collective power of workers and contributed to the erosion of labor rights. The chapter highlights key events such as the air traffic controllers' strike in 1981, which was famously broken by President Reagan, as a turning point in labor relations.
The author examines the shift from a manufacturing-based economy to a service-based economy, which he contends was driven by neoliberal policies. Hartmann argues that this transition resulted in a decrease in stable, well-paying jobs with benefits, and an increase in precarious, low-wage work. He points out that the decline of the middle class and the growing income inequality can be attributed to the neoliberal agenda.
Furthermore, the chapter explores the impact of globalization on the American workforce. Hartmann argues that neoliberal policies, such as free trade agreements, led to the outsourcing of jobs to countries with lower labor costs. This, in turn, contributed to the displacement of American workers and further exacerbated income inequality.
Hartmann also examines the rise of the gig economy and the increasing prevalence of precarious work arrangements. He discusses how neoliberal policies, which prioritize flexibility and deregulation, have allowed for the proliferation of gig work platforms and the misclassification of workers as independent contractors. The chapter emphasizes the negative consequences of these arrangements, including reduced job security, lack of benefits, and a loss of worker protections.
In conclusion, chapter 04 sheds light on the impact of neoliberalism on the American workforce. Hartmann highlights the decline of labor unions, the shift to a service-based economy, the effects of globalization, and the rise of precarious work arrangements as key aspects of this transformation. By exploring these issues, the chapter provides a critical analysis of the consequences of neoliberal policies on workers' rights, income inequality, and the overall economic landscape of the United States.
05 - Nationwide Neoliberalism Experiments
In this chapter, Hartmann explores how neoliberal policies were
implemented and tested on a nationwide scale, focusing on the impacts of
privatization, deregulation, and tax cuts.
Hartmann begins by discussing the rise of privatization as a central tenet of neoliberalism. He examines the experiments with privatization that took place across various sectors, including education, healthcare, and transportation. The author argues that privatization often resulted in decreased accountability, reduced access to essential services, and increased costs for consumers. He highlights how public goods and services were transformed into profit-driven enterprises, often benefiting corporations at the expense of the public interest.
The chapter also delves into the deregulation efforts that were championed under the neoliberal agenda. Hartmann explores the relaxation of regulations in industries such as banking and finance, which ultimately led to the 2008 financial crisis. He presents a critical analysis of the consequences of deregulation, including the concentration of wealth and power among financial elites, as well as the erosion of consumer protections.
Furthermore, the chapter examines the impact of tax cuts on income inequality and government revenue. Hartmann argues that the neoliberal push for tax cuts, particularly for the wealthy, resulted in a significant reduction in government revenue and contributed to the widening wealth gap. He discusses the ideological justifications used to promote tax cuts, such as the concept of "trickle-down economics," and presents evidence that challenges their effectiveness in promoting broad-based economic growth.
Hartmann also explores the role of think tanks and corporate interests in shaping neoliberal experiments. He highlights the influence of organizations like the Heritage Foundation and the Cato Institute in promoting policies aligned with neoliberal ideology. The chapter sheds light on the significant resources and political influence exerted by these entities to advance their vision of a smaller, less regulated government.
In conclusion, chapter 05 provides an in-depth analysis of nationwide neoliberalism experiments. Hartmann critically examines the impacts of privatization, deregulation, and tax cuts on various sectors of the economy, as well as their effects on income inequality and government revenue. By uncovering the consequences of these policies, the chapter offers insights into the social and economic ramifications of the neoliberal agenda and highlights the need for alternative approaches that prioritize the well-being of all citizens.
06 - Milton Friedman Hearts General Pinochet
In this chapter, Hartmann explores the controversial relationship
between economist Milton Friedman and Chilean dictator Augusto Pinochet,
highlighting their collaboration and the implementation of neoliberal
policies in Chile.
Hartmann begins by discussing the economic turmoil that Chile experienced in the 1970s, which paved the way for the military coup led by General Pinochet in 1973. He examines how Pinochet's regime embraced Friedman's ideas of free markets and limited government intervention, making Chile a testing ground for neoliberal economic policies.
The author delves into the close association between Friedman and Pinochet, highlighting Friedman's visits to Chile and his advisory role in shaping economic policies. Hartmann argues that Friedman's support for Pinochet's regime, despite its human rights abuses, raised significant ethical concerns and raised questions about the morality of his economic ideology.
Furthermore, the chapter explores the implementation of neoliberal policies in Chile under Pinochet's rule. Hartmann discusses the privatization of state-owned enterprises, the dismantling of labor protections, and the liberalization of financial markets. He argues that while these policies were touted as promoting economic growth, they resulted in increased inequality and social upheaval.
Hartmann also highlights the violent repression and human rights abuses that accompanied Pinochet's regime. He underscores the devastating consequences of neoliberalism when implemented in an authoritarian context, emphasizing the harsh treatment of political dissidents, suppression of labor rights, and the erosion of democratic institutions.
In conclusion, chapter 06 sheds light on the disturbing relationship between Milton Friedman and Augusto Pinochet, highlighting the implementation of neoliberal policies in Chile and the human rights abuses associated with Pinochet's regime. Hartmann critically examines the ethical implications of Friedman's support for an authoritarian regime and raises important questions about the consequences of neoliberalism when implemented without regard for human rights and democratic values. By exploring this case study, the chapter invites reflection on the potential dangers and limitations of the neoliberal ideology.
07 - Neoliberalism comes to America
In this chapter, Hartmann examines the impact of neoliberal policies on
the United States, particularly during the Reagan era.
Hartmann begins by discussing the political climate leading up to Reagan's presidency, highlighting the influence of conservative think tanks and corporate interests in shaping the neoliberal agenda. He explores the role of organizations like the Heritage Foundation and the American Enterprise Institute in promoting policies aligned with free markets, deregulation, and tax cuts.
The chapter delves into Reagan's presidency and his implementation of neoliberal policies. Hartmann examines the Reagan administration's focus on reducing government regulation and promoting free-market principles. He discusses the deregulation of industries such as telecommunications and finance, as well as the significant tax cuts for corporations and the wealthy.
Hartmann also explores the consequences of Reagan's neoliberal agenda. He argues that while Reagan's policies were celebrated by some as promoting economic growth, they resulted in increased income inequality and the erosion of social safety nets. The chapter highlights the devastating impact on marginalized communities, including cuts to social welfare programs and the exacerbation of racial and economic disparities.
Furthermore, the chapter addresses the financialization of the economy during the Reagan era. Hartmann discusses the rise of Wall Street and the growing influence of financial institutions. He argues that this shift towards a more speculative and profit-driven economy contributed to increased income inequality and the prioritization of short-term gains over long-term stability.
In conclusion, chapter 07 provides a comprehensive analysis of the arrival of neoliberalism in the United States during the Reagan era. Hartmann critically examines the policies implemented and their impact on income inequality, social welfare, and the financialization of the economy. By shedding light on the consequences of these policies, the chapter raises important questions about the long-term effects of neoliberalism on American society and calls for a reevaluation of these economic and political ideologies.
08 - Bill Clinton hearts the neoliberal revolution
In this chapter, Hartmann explores the continuation and expansion of
neoliberal policies during Bill Clinton's presidency.
Hartmann begins by discussing the political landscape during Clinton's presidency and the influence of the Democratic Leadership Council (DLC), a centrist group that embraced neoliberal economic policies. He argues that Clinton's embrace of the neoliberal agenda marked a departure from traditional Democratic values and further solidified the dominance of neoliberalism in American politics.
The chapter examines Clinton's economic policies, highlighting his support for free trade agreements such as NAFTA (North American Free Trade Agreement) and his advocacy for financial deregulation. Hartmann argues that these policies, which were consistent with neoliberal principles, contributed to the erosion of American jobs, the decline of manufacturing industries, and the consolidation of corporate power.
Furthermore, the chapter addresses the welfare reform enacted under Clinton's presidency. Hartmann argues that the welfare reform legislation, known as the Personal Responsibility and Work Opportunity Reconciliation Act of 1996, reflected neoliberal ideas by promoting individual responsibility and imposing strict work requirements. However, he suggests that this reform resulted in increased poverty, particularly among single mothers and marginalized communities.
Hartmann also examines the influence of corporate interests on Clinton's presidency, particularly through campaign contributions and the revolving door between government and the private sector. He argues that the cozy relationship between the Clinton administration and corporate elites further advanced the neoliberal agenda and contributed to the growing influence of corporate power in shaping public policy.
In conclusion, chapter 08 sheds light on the neoliberal trajectory of the Clinton presidency. Hartmann critically examines Clinton's embrace of neoliberal policies, including free trade agreements, financial deregulation, and welfare reform. The chapter raises concerns about the consequences of these policies, highlighting the negative impacts on American workers, marginalized communities, and the democratic process. By analyzing the Clinton administration's alignment with neoliberalism, the chapter underscores the need for a reassessment of these policies and the pursuit of alternative approaches that prioritize the well-being of all citizens.
09 - George W Bush Pushes Neoliberalism even farther
In this chapter, Hartmann explores the continuation and intensification
of neoliberal policies during the presidency of George W. Bush.
Hartmann begins by discussing the political landscape during Bush's presidency, highlighting the influence of conservative think tanks and corporate interests in shaping policy decisions. He argues that the Bush administration, like its predecessors, embraced neoliberal economic principles and further advanced the neoliberal agenda.
The chapter examines the economic policies implemented by the Bush administration, focusing on tax cuts and deregulation. Hartmann discusses the 2001 and 2003 tax cuts, which primarily benefited the wealthy and led to a significant reduction in government revenue. He argues that these tax cuts, combined with financial deregulation, contributed to growing income inequality and the financial crisis of 2008.
Furthermore, the chapter delves into the role of corporate influence on the Bush administration. Hartmann highlights the close ties between the administration and corporate interests, including the appointment of industry insiders to key positions and the influence of corporate lobbying on policy decisions. He argues that this cozy relationship further facilitated the implementation of neoliberal policies that favored corporate profits over the well-being of the American people.
The chapter also addresses the foreign policy implications of neoliberalism during the Bush era, particularly in relation to the invasion of Iraq. Hartmann argues that the Iraq War can be seen as an extension of neoliberal ideology, driven by corporate interests and the pursuit of resource extraction. He highlights the devastating consequences of the war, both in terms of loss of life and the economic burden placed on the American people.
In conclusion, chapter 09 provides a critical analysis of the Bush administration's alignment with neoliberalism and its impact on the American economy and foreign policy. Hartmann highlights the continuation of tax cuts, deregulation, and corporate influence as key aspects of Bush's neoliberal agenda. The chapter raises concerns about the widening wealth gap, the erosion of democratic institutions, and the human cost of neoliberal policies. By examining the Bush era, it underscores the need for a reevaluation of neoliberal ideology and the pursuit of alternative approaches that prioritize the well-being and prosperity of all citizens.
10 - Neoliberalism blows up in Bush's face
In this chapter, Hartmann explores the consequences of neoliberal
policies during George W. Bush's presidency, particularly focusing on
the financial crisis of 2008.
Hartmann begins by discussing the economic landscape leading up to the financial crisis, highlighting the role of deregulation and financialization in creating an environment prone to instability. He argues that the relaxation of regulations, especially in the banking and mortgage sectors, allowed for risky financial practices that eventually led to the collapse of the housing market and the subsequent global financial crisis.
The chapter delves into the events leading up to the crisis, including the proliferation of subprime mortgages, predatory lending practices, and the securitization of risky financial assets. Hartmann explores the role of financial institutions and Wall Street in driving these practices and argues that their pursuit of short-term profits contributed to the eventual collapse.
Furthermore, the chapter examines the government's response to the crisis under the Bush administration. Hartmann highlights the controversial bailout of financial institutions, which he argues prioritized the interests of Wall Street over the well-being of the American people. He suggests that the bailout perpetuated the concentration of wealth and power among the financial elite while leaving ordinary citizens to bear the brunt of the economic downturn.
Hartmann also discusses the wider implications of the financial crisis, including the impacts on unemployment, housing, and public trust in the financial system. He argues that the crisis exposed the flaws and dangers of neoliberal ideology, highlighting the need for stronger regulations and a reevaluation of the principles that underpin neoliberal economics.
In conclusion, chapter 10 provides a critical analysis of the financial crisis of 2008 and its relationship to neoliberal policies during the Bush era. Hartmann highlights the role of deregulation and financialization in creating the conditions for the crisis and raises concerns about the government's response and its impact on inequality. The chapter underscores the need for a reassessment of neoliberal ideology and the pursuit of alternative economic approaches that prioritize stability, fairness, and the well-being of the general public.
11 - Obama rescues neoliberalism from itself
In this chapter, Hartmann examines the policies and actions of President
Barack Obama in relation to neoliberalism during his presidency.
Hartmann begins by discussing the context in which Obama assumed office, including the aftermath of the financial crisis and the challenges faced by the American economy. He argues that Obama had an opportunity to reevaluate neoliberal policies and address the systemic issues that had led to the crisis.
The chapter explores Obama's response to the financial crisis and the measures taken to stabilize the economy. Hartmann acknowledges that Obama's administration implemented some regulations and reforms to prevent future crises, such as the Dodd-Frank Wall Street Reform and Consumer Protection Act. However, he suggests that these measures were not comprehensive enough to address the root causes of the crisis or fundamentally challenge the neoliberal framework.
Hartmann also examines Obama's approach to healthcare reform, specifically the passage of the Affordable Care Act (ACA). While acknowledging the positive aspects of expanding access to healthcare, the chapter critiques the ACA for its reliance on private insurance companies, which perpetuated the profit-driven nature of the healthcare industry.
Furthermore, the chapter discusses Obama's appointments and economic policies, highlighting the influence of Wall Street and corporate interests within his administration. Hartmann argues that Obama's economic team, which included figures from the financial sector, prioritized the interests of banks and corporations over the needs of ordinary Americans.
In conclusion, chapter 11 critically evaluates Obama's presidency in the context of neoliberalism. Hartmann argues that while Obama's administration made some attempts to address the fallout from the financial crisis and expand access to healthcare, it fell short of challenging the underlying neoliberal framework. The chapter highlights the influence of corporate interests and suggests that Obama's presidency failed to deliver the transformative change needed to restore the well-being of the American people. It underscores the need for a more comprehensive and systemic reevaluation of neoliberal policies and their impact on society.
12 - Trump attacks neoliberalism
In this chapter, Hartmann examines the rise of Donald Trump and his
presidency as a reaction against the neoliberal establishment.
Hartmann begins by discussing the political climate that paved the way for Trump's election. He argues that Trump's success can be attributed to his ability to tap into the frustrations and grievances of working-class Americans who felt left behind by the neoliberal policies of previous administrations.
The chapter delves into Trump's rhetoric and policy positions, highlighting his attacks on free trade agreements, globalization, and the political elite. Hartmann argues that Trump's nationalist and protectionist stance resonated with those who had been adversely affected by neoliberal economic policies, particularly in manufacturing and industrial sectors.
Furthermore, the chapter examines Trump's tax reform, which included significant cuts for corporations and the wealthy. Hartmann argues that while Trump presented himself as a champion of the working class, his policies further exacerbated income inequality and favored the interests of the wealthy elite.
Hartmann also explores Trump's deregulatory agenda, focusing on his efforts to roll back environmental regulations and dismantle consumer protections. He argues that these actions aligned with neoliberal principles of reducing government intervention and prioritizing corporate profits over public welfare.
In conclusion, chapter 12 provides a critical analysis of Trump's presidency as a reaction against neoliberalism. Hartmann argues that while Trump positioned himself as an outsider challenging the establishment, his policies ultimately aligned with neoliberal principles, particularly in terms of tax cuts and deregulation. The chapter highlights the complexities and contradictions of Trump's approach and raises important questions about the future of neoliberalism in the face of populist movements. It underscores the need for a more inclusive and equitable economic model that addresses the concerns of working-class Americans without perpetuating the systemic inequalities of neoliberalism.
13 - Biden challenges neoliberalism's core concepts
In this chapter, Hartmann explores the presidency of Joe Biden and
examines his approach to neoliberalism.
Hartmann begins by discussing Biden's policy agenda and his efforts to challenge some of the core concepts of neoliberalism. He highlights Biden's emphasis on government intervention, particularly through his proposed infrastructure plan and social spending initiatives. Hartmann argues that these policies represent a departure from the neoliberal emphasis on limited government and market-driven solutions.
The chapter delves into Biden's approach to income inequality, highlighting his support for raising the minimum wage and expanding access to healthcare and education. Hartmann suggests that these policies reflect a recognition of the need for government intervention to address systemic inequalities and ensure greater economic fairness.
Furthermore, the chapter explores Biden's stance on climate change and environmental regulations. Hartmann argues that Biden's commitment to rejoin the Paris Agreement and invest in renewable energy represents a departure from the neoliberal emphasis on deregulation and unfettered market forces. He suggests that Biden's approach reflects a recognition of the urgency of addressing climate change and the role of government in steering the economy towards sustainable practices.
Hartmann also examines Biden's efforts to tackle corporate power and increase regulation. He highlights the administration's push for antitrust measures and stricter oversight of Big Tech companies. This focus on reining in corporate power and promoting competition is seen as a departure from the neoliberal ideology that has allowed for the consolidation of corporate control.
In conclusion, chapter 13 analyzes Biden's presidency as a challenge to neoliberalism's core concepts. Hartmann argues that Biden's policies and approach represent a shift towards a more interventionist government that prioritizes economic fairness, environmental sustainability, and curbing corporate power. The chapter highlights the potential for a reevaluation of neoliberalism and the need for alternative economic approaches that address systemic inequalities and prioritize the well-being of all citizens.
14 - How Neoliberalism Changed America in 40 years
In this chapter, Hartmann provides a comprehensive overview of the
impact of neoliberalism on various aspects of American society.
Subsections;
- Taxes
- Trade
- Healthcare
- Education and Higher Education
- Finance
- Employment
- Homelessness
- Inflation
- Media and News
- The environment
The chapter begins by discussing the changes in tax policies under neoliberalism. Hartmann argues that tax cuts primarily benefiting the wealthy and corporations have contributed to income inequality and reduced government revenue for public services and social programs.
Hartmann then examines the effects of neoliberal trade policies, particularly the outsourcing of jobs and the decline of American manufacturing. He argues that free trade agreements and the prioritization of corporate interests over worker protections have led to the loss of jobs and a hollowing out of the middle class.
The chapter also delves into the impact of neoliberalism on healthcare and education. Hartmann suggests that the market-driven approach to healthcare has resulted in soaring costs and limited access, while the emphasis on privatization and profit in education has undermined public schools and exacerbated inequality.
Furthermore, Hartmann discusses the influence of neoliberalism on the financial sector. He highlights the deregulation of banks and the expansion of risky financial practices, leading to the 2008 financial crisis and the subsequent bailout of Wall Street.
The chapter also addresses issues such as employment, homelessness, inflation, media and news, and the environment. Hartmann argues that neoliberal policies have contributed to precarious employment, a rise in homelessness, income stagnation, biased media coverage, and environmental degradation.
In conclusion, chapter 14 provides a comprehensive assessment of the wide-ranging effects of neoliberalism on America over the course of 40 years. Hartmann highlights the negative consequences of neoliberal policies in various areas of society and calls for a reevaluation of these policies in order to restore fairness, equity, and the well-being of the American people. The chapter serves as a powerful indictment of the neoliberal experiment and emphasizes the need for alternative economic and social approaches that prioritize the public good.
15 - Privatizing the commons
In this chapter, Hartmann examines the neoliberal agenda of privatizing
public goods and resources, often referred to as the "commons."
Hartmann begins by defining the concept of the commons as shared resources and spaces that belong to the public. He argues that neoliberalism has sought to transform these commons into privatized assets that can be controlled and profited from by corporations and the wealthy elite.
The chapter explores the privatization of various aspects of the commons, including public infrastructure, natural resources, education, and healthcare. Hartmann suggests that privatization often leads to increased costs, decreased accessibility, and the prioritization of profit over the public interest.
Hartmann also discusses the role of neoliberal think tanks and policy influencers in promoting privatization. He highlights the influence of organizations such as the Heritage Foundation and the American Legislative Exchange Council (ALEC) in shaping policies that advance privatization agendas.
Furthermore, the chapter addresses the impacts of privatization on inequality and democracy. Hartmann argues that privatizing the commons exacerbates income disparities and diminishes democratic decision-making, as the control and access to vital resources are concentrated in the hands of a few.
In conclusion, chapter 15 provides a critical analysis of the privatization of the commons under neoliberalism. Hartmann raises concerns about the consequences of transferring public assets and resources into private hands, highlighting the negative impacts on accessibility, equity, and democratic governance. The chapter emphasizes the need to reclaim and protect the commons for the benefit of society as a whole, calling for alternative approaches that prioritize public ownership, fairness, and the common good.
16 - Destruction of democracy
In this chapter, Hartmann explores how neoliberalism has undermined
democratic principles and institutions in America.
Hartmann begins by examining the influence of money in politics and the rise of corporate power. He argues that neoliberal policies, such as deregulation and tax cuts for the wealthy, have allowed corporations and the wealthy elite to exert disproportionate influence over the political process, diminishing the voice of ordinary citizens.
The chapter delves into the role of think tanks and corporate lobbying in shaping public policy. Hartmann suggests that these powerful interest groups have played a significant role in advancing neoliberal agendas, often at the expense of democratic decision-making and the public interest.
Hartmann also discusses the impact of neoliberalism on media and news. He argues that the consolidation of media ownership and the prioritization of profit have led to biased and corporate-controlled media narratives, limiting the diversity of perspectives and undermining the public's ability to access accurate information.
Furthermore, the chapter addresses the erosion of civil liberties and the expansion of surveillance under the guise of national security. Hartmann suggests that neoliberal policies have led to the growth of a surveillance state and the curtailment of individual freedoms, further undermining democratic principles.
In conclusion, chapter 16 critically examines the destruction of democracy under the influence of neoliberalism. Hartmann highlights the undermining of democratic institutions, the concentration of power in the hands of corporate interests, the erosion of media independence, and the erosion of civil liberties. The chapter underscores the urgent need to restore democratic values and reestablish a government that is accountable to the people rather than serving the interests of the wealthy elite. It serves as a call to action for reclaiming democracy and pursuing alternative paths that prioritize transparency, fairness, and the participation of all citizens in the political process.
17 - Breaking with 40 Years of Neoliberalism
In this chapter, Hartmann explores the potential pathways to break free
from the grip of neoliberalism and offers alternatives to restore
America's greatness.
Hartmann begins by highlighting the growing discontent with the neoliberal status quo and the recognition that the current economic system has failed to deliver widespread prosperity and equity. He argues that it is essential to challenge the fundamental assumptions and policies of neoliberalism in order to chart a new course.
The chapter explores various strategies and policy proposals that can challenge neoliberalism and create a more equitable society. Hartmann discusses the importance of government intervention and investment in public goods, such as infrastructure, education, and healthcare. He argues for the necessity of robust social safety nets and progressive taxation to address income inequality and ensure a fair distribution of resources.
Furthermore, Hartmann emphasizes the need for a new economic model that prioritizes worker rights, fair wages, and environmental sustainability. He explores the potential of democratic socialism and highlights successful examples from countries like Norway and Denmark that have achieved high levels of social welfare and economic equality.
The chapter also addresses the importance of grassroots movements and citizen engagement in challenging neoliberalism. Hartmann argues that collective action, through protests, advocacy, and voting, can help shift the balance of power away from corporations and towards the needs and interests of the people.
In conclusion, chapter 17 presents a roadmap for breaking free from 40 years of neoliberalism. Hartmann argues for a paradigm shift that values the common good over corporate profits and emphasizes the importance of government intervention, social safety nets, and democratic participation. The chapter serves as a call to action for individuals, communities, and policymakers to come together and reimagine a new economic and social framework that restores America's greatness by promoting fairness, equality, and sustainability.
18 - #TaxTheRich
In this chapter, Hartmann explores the importance of progressive
taxation as a means to address income inequality and restore economic
fairness.
Hartmann begins by discussing the historical context of taxation in America and how it has shifted over the years. He argues that the tax policies of the neoliberal era, characterized by tax cuts for the wealthy and corporations, have contributed to a concentration of wealth and power in the hands of a few.
The chapter delves into the concept of progressive taxation, which involves taxing higher incomes and wealth at a higher rate. Hartmann argues that progressive taxation is a crucial tool for redistributing wealth and promoting a more equitable society. He highlights the success of progressive tax systems in the past, such as during the New Deal era, in reducing income inequality and funding public investments.
Hartmann also addresses common arguments against progressive taxation, such as the idea that it stifles economic growth or discourages entrepreneurship. He counters these arguments by emphasizing the historical evidence that shows progressive taxation does not hinder economic growth and can actually contribute to a more stable and prosperous society.
Furthermore, the chapter explores potential policy proposals to implement progressive taxation effectively. Hartmann suggests closing loopholes, eliminating tax havens, and implementing higher marginal tax rates for the wealthiest individuals and corporations. He argues that these measures can generate the necessary revenue to fund essential public services and social programs.
In conclusion, chapter 18 advocates for the #TaxTheRich movement as a means to challenge the concentration of wealth and power under neoliberalism. Hartmann argues that progressive taxation is a key component of a fair and just society, and it can play a vital role in reducing income inequality and funding necessary public investments. The chapter serves as a call to action for policymakers and citizens to support progressive tax policies and work towards a more equitable and inclusive economic system.
19 - Rebuilding a middle class gutted by neoliberalism
In this chapter, Hartmann examines the decline of the middle class under
the influence of neoliberal policies and explores strategies to rebuild
a robust middle class.
Hartmann begins by highlighting the significance of a strong middle class for a thriving economy and a healthy society. He argues that the neoliberal agenda, with its emphasis on deregulation, tax cuts for the wealthy, and anti-union policies, has contributed to income inequality and the erosion of the middle class.
The chapter explores various policy proposals aimed at rebuilding the middle class. Hartmann emphasizes the importance of creating well-paying jobs with benefits, providing access to affordable healthcare and education, and implementing progressive taxation to ensure a fair distribution of wealth.
Hartmann also discusses the role of labor unions in strengthening the middle class. He argues that empowering workers through collective bargaining and protecting workers' rights can help reverse the decline of the middle class and ensure fair wages and working conditions.
Furthermore, the chapter addresses the need for investment in education and vocational training. Hartmann suggests that providing accessible and quality education, along with opportunities for skill development, can equip individuals with the tools necessary to succeed in a changing economy.
In conclusion, chapter 19 presents a blueprint for rebuilding the middle class that has been gutted by neoliberalism. Hartmann emphasizes the importance of policies that prioritize job creation, access to healthcare and education, progressive taxation, and the empowerment of workers through labor unions. The chapter serves as a call to action for policymakers and society as a whole to prioritize the well-being and prosperity of the middle class as a crucial foundation for a thriving economy and a just society.
20 - Trade: Returning to Alexander Hamilton's American Plan
In this chapter, Hartmann explores the impact of neoliberal trade
policies on American industries and workers and suggests a return to a
more balanced approach to trade.
Hartmann begins by discussing the historical context of trade policies and the shift towards neoliberal trade agreements, such as NAFTA and the WTO, which prioritize corporate interests and globalization. He argues that these agreements have led to the outsourcing of jobs, the hollowing out of American industries, and a decline in wages for many workers.
The chapter delves into the concept of "Hamilton's American Plan" and the idea of protecting domestic industries and fostering economic self-sufficiency. Hartmann argues that Alexander Hamilton's approach, which advocated for protective tariffs and government support for key industries, can provide a framework for reimagining trade policies that prioritize the interests of American workers and industries.
Hartmann discusses the negative consequences of free trade agreements and the offshoring of jobs, emphasizing the need to rebalance trade relationships and prioritize domestic production. He suggests that adopting measures such as fair trade policies, targeted tariffs, and support for domestic manufacturing can help revitalize American industries and create more job opportunities.
Furthermore, the chapter addresses the importance of fair labor standards and environmental regulations in trade agreements. Hartmann argues for incorporating strong labor and environmental protections into trade deals to ensure that workers' rights are upheld and environmental degradation is minimized.
In conclusion, chapter 20 advocates for a departure from neoliberal trade policies and a return to a more balanced approach that aligns with Alexander Hamilton's vision. Hartmann argues for trade policies that prioritize domestic industries, protect workers' rights, and promote sustainable practices. The chapter serves as a call to action for reevaluating trade agreements and embracing a more thoughtful and inclusive approach to international trade that supports American industries and workers while also upholding labor and environmental standards.
21 - What is real wealth?
In this chapter, Hartmann explores the concept of wealth beyond material
possessions and monetary measures, emphasizing the importance of social
and environmental factors in defining true prosperity.
Hartmann begins by questioning the conventional definition of wealth, which is often equated with financial success and accumulation of material goods. He argues that this narrow understanding of wealth has contributed to the societal and environmental problems we face today.
The chapter delves into the concept of "real wealth" and the idea that true prosperity should encompass various aspects of human well-being. Hartmann suggests that factors such as community cohesion, access to healthcare and education, a clean environment, and time for leisure and personal fulfillment should be considered in assessing the wealth and success of a society.
Hartmann also explores alternative economic models that prioritize sustainability, social equity, and the well-being of individuals and communities. He discusses examples of countries and communities that have embraced alternative measures of progress, such as the Gross National Happiness index in Bhutan, which takes into account factors beyond GDP.
Furthermore, the chapter addresses the role of government and policy in promoting real wealth. Hartmann argues for policies that prioritize investment in public goods, environmental stewardship, and social welfare programs. He suggests that a reorientation of our economic system towards a more holistic understanding of wealth can lead to greater long-term prosperity and well-being for all.
In conclusion, chapter 21 challenges the traditional notion of wealth and advocates for a broader understanding that encompasses social, environmental, and individual well-being. Hartmann suggests that by redefining wealth and adopting alternative economic models, we can create a more sustainable and equitable society. The chapter serves as a reminder that true wealth goes beyond material possessions and monetary measures, and it calls for a shift in our values and priorities towards a more holistic and inclusive vision of prosperity.
22 - Hamilton's 11 step plan worked for 188 years
In this chapter, Hartmann explores the success and longevity of
Alexander Hamilton's economic plan and its relevance in addressing the
challenges faced by modern America.
Hartmann begins by highlighting the achievements of Hamilton's economic vision, which included measures such as protective tariffs, government support for industries, and a strong financial system. He argues that Hamilton's plan played a crucial role in shaping America's economic growth and stability for nearly two centuries.
The chapter delves into the specific steps of Hamilton's plan and examines how they contributed to America's economic success. Hartmann discusses the importance of domestic manufacturing, infrastructure development, and investment in education as key components of Hamilton's vision.
Hartmann also explores the impact of Hamilton's plan on income distribution and social equity. He argues that the measures implemented by Hamilton helped to create a more balanced and inclusive economy, fostering upward mobility and reducing wealth inequality.
Furthermore, the chapter discusses the decline of Hamiltonian policies in the face of neoliberalism and the resulting challenges faced by the American economy. Hartmann argues that a return to Hamilton's principles, such as prioritizing domestic production and investing in critical infrastructure, can help revive American industries and address the economic disparities that have emerged under neoliberalism.
In conclusion, chapter 22 celebrates the success of Alexander Hamilton's economic plan and highlights its relevance in the present day. Hartmann emphasizes the importance of embracing Hamiltonian principles to rebuild America's economy and promote a more equitable society. The chapter serves as a call to action for policymakers and citizens to revisit the wisdom of Hamilton's plan and apply its principles to address the economic challenges of the 21st century.
23 - Tariffs built America
In this chapter, Hartmann explores the historical significance of
tariffs in shaping America's economic development and argues for the
reevaluation of tariff policies in the modern era.
Hartmann begins by discussing the early years of the United States, when tariffs played a crucial role in protecting domestic industries and fostering economic growth. He highlights the fact that tariffs were a key source of government revenue and helped to establish American industries by providing them with a competitive advantage against foreign competition.
The chapter delves into the impact of tariffs on specific industries and regions throughout American history. Hartmann examines the success stories of industries such as textiles, steel, and agriculture that flourished under the protection of tariffs, contributing to the nation's economic prosperity.
Hartmann also addresses the concerns and criticisms surrounding tariffs, such as fears of trade wars and retaliation from other countries. He argues that while these concerns are valid, they should not overshadow the benefits of tariffs in terms of job creation, industry development, and maintaining a level playing field for American businesses.
Furthermore, the chapter discusses the shift away from tariffs and the rise of neoliberal free trade policies that prioritize globalism and the dismantling of trade barriers. Hartmann challenges the prevailing narrative that free trade is inherently beneficial, arguing that it has led to the outsourcing of jobs, the decline of domestic industries, and widening income inequality.
In conclusion, chapter 23 advocates for a reassessment of tariff policies in order to rebuild American industries and promote economic self-sufficiency. Hartmann emphasizes the historical success of tariffs in fostering economic growth and job creation. The chapter serves as a call to action for policymakers and citizens to recognize the importance of tariffs in building and protecting American industries, and to consider their reimplementation as a means to restore economic prosperity and strengthen domestic industries.
24 - But what about the cost of American-made goods?
In this chapter, Hartmann addresses the common argument against
supporting American-made goods due to their perceived higher costs and
challenges the assumptions behind this belief.
Hartmann begins by acknowledging the concerns around the cost of American-made goods and the perception that they are more expensive compared to imports. He argues that this assumption is often based on incomplete analysis and fails to consider the long-term economic and social benefits of supporting domestic industries.
The chapter delves into the hidden costs associated with cheap imports, such as the environmental impact of transporting goods over long distances and the loss of jobs and income within local communities. Hartmann argues that when these hidden costs are taken into account, the price differential between American-made goods and imports may not be as significant as it initially appears.
Hartmann also addresses the issue of wage disparities between countries and the impact on pricing. He argues that fair trade policies and support for domestic industries can help level the playing field by advocating for living wages and labor standards globally, ultimately leading to a more equitable pricing structure.
Furthermore, the chapter highlights the importance of considering the broader economic benefits of supporting American-made goods. Hartmann argues that by purchasing domestically produced goods, consumers contribute to the growth of local industries, job creation, and the overall health of the national economy.
In conclusion, chapter 24 challenges the assumption that American-made goods are inherently more expensive. Hartmann emphasizes the need to consider the hidden costs associated with cheap imports and the long-term economic and social benefits of supporting domestic industries. The chapter serves as a reminder that the true cost of a product goes beyond its initial price tag and encourages consumers and policymakers to reconsider their choices in favor of supporting American-made goods.
25 - How China escaped neoliberalism
In this chapter, Hartmann explores China's unique approach to economic
development and its departure from the neoliberal policies embraced by
many Western countries.
Hartmann begins by discussing China's historical context and the challenges it faced in the mid-20th century, including poverty and economic underdevelopment. He highlights how China, under the leadership of Deng Xiaoping, implemented a distinct economic strategy that deviated from neoliberal principles.
The chapter delves into the key components of China's economic model, such as state-led industrialization, strategic planning, and a focus on domestic consumption and production. Hartmann argues that China's approach prioritized economic sovereignty, job creation, and investment in infrastructure, contributing to its remarkable economic growth and poverty reduction.
Hartmann also explores the role of the state in China's economic development, emphasizing the government's active intervention in the economy, including support for state-owned enterprises and strategic investments in key sectors. He argues that China's success challenges the neoliberal belief in unregulated free markets as the sole driver of prosperity.
Furthermore, the chapter addresses the criticisms and concerns surrounding China's economic model, such as issues of human rights and labor rights. Hartmann acknowledges these concerns but argues that they should not overshadow the lessons that can be learned from China's departure from neoliberalism and its ability to lift millions out of poverty.
In conclusion, chapter 25 highlights China's alternative path to economic development and its departure from neoliberal principles. Hartmann argues that China's success challenges the assumptions of neoliberalism and raises questions about the effectiveness and fairness of Western economic models. The chapter serves as a call for a reassessment of neoliberal policies and a consideration of alternative approaches that prioritize economic sovereignty, job creation, and social welfare.
26 - America adopted neoliberalism
- all I got was this made-in-China Tee Shirt
In this chapter, Hartmann explores the impact of neoliberal policies on
American manufacturing and the rise of consumer culture driven by cheap
imports.
Hartmann begins by discussing the shift in American manufacturing, particularly the outsourcing of production to countries with lower labor costs like China. He highlights the decline of domestic industries and the loss of American jobs as a result of this shift.
The chapter delves into the consequences of prioritizing cheap imports over domestic production. Hartmann argues that while consumers may initially benefit from lower prices, the long-term effects include job losses, wage stagnation, and a decline in manufacturing capabilities within the United States.
Hartmann also addresses the environmental implications of globalized consumer culture. He points out that the transportation of goods over long distances contributes to carbon emissions and pollution, highlighting the need for sustainable and locally sourced production.
Furthermore, the chapter explores the cultural and social impact of consumerism and the prevalence of cheap imports. Hartmann argues that the focus on consumption and the availability of inexpensive goods have led to a disposable culture that undervalues craftsmanship, quality, and local production.
In conclusion, chapter 26 raises concerns about the consequences of America's embrace of neoliberal policies and its reliance on cheap imports. Hartmann argues for a reevaluation of consumer culture and a shift towards prioritizing domestic production and sustainable practices. The chapter serves as a reminder of the importance of supporting local industries and considering the broader implications of our purchasing choices beyond just the price tag.
27 - Neoliberal trade policy rejected by South Korea
In this chapter, Hartmann examines South Korea's rejection of neoliberal
trade policies and its pursuit of an alternative economic model.
Hartmann begins by discussing South Korea's historical context and the challenges it faced in the aftermath of the Korean War. He highlights how the country, under the leadership of Park Chung-hee, implemented a strategy focused on industrialization and economic development.
The chapter delves into South Korea's approach to trade, which emphasized protectionism and nurturing domestic industries. Hartmann argues that South Korea's rejection of neoliberal trade policies allowed it to develop a strong manufacturing sector, foster innovation, and become a global player in industries such as electronics and automobiles.
Hartmann also explores the role of government intervention in South Korea's economic success. He highlights how the government provided support and incentives for strategic industries, invested in infrastructure, and protected domestic markets through tariffs and regulations.
Furthermore, the chapter addresses the criticisms and concerns raised against South Korea's economic model, such as issues of government intervention and labor rights. Hartmann acknowledges these concerns but argues that South Korea's success challenges the prevailing neoliberal orthodoxy and demonstrates that alternative approaches can lead to sustainable economic growth and job creation.
In conclusion, chapter 27 highlights South Korea's rejection of neoliberal trade policies and its pursuit of an alternative economic model. Hartmann argues that South Korea's success serves as a valuable lesson in challenging the assumptions of neoliberalism and considering alternative approaches to economic development. The chapter serves as a call to reassess trade policies and emphasizes the importance of protecting domestic industries and fostering sustainable economic growth.
28 - Reverse privatization of core government functions
In this chapter, Hartmann explores the negative consequences of
privatizing essential government functions and argues for the importance
of reclaiming public control.
Hartmann begins by examining the rise of privatization and outsourcing of government functions, which gained momentum during the Reagan era. He highlights how this shift was driven by the neoliberal ideology that advocated for limited government and market-driven solutions.
The chapter delves into the impacts of privatization on various sectors, including healthcare, education, prisons, and infrastructure. Hartmann argues that the pursuit of profit in these areas has often resulted in reduced access, decreased quality, and increased costs for the public.
Hartmann also addresses the issue of accountability and transparency that arises from privatizing core government functions. He argues that when essential services are in private hands, the public loses its ability to hold decision-makers accountable and influence policy decisions.
Furthermore, the chapter explores successful examples of reversing privatization and returning control of essential services to the public domain. Hartmann highlights the importance of grassroots movements, community organizing, and political will in reclaiming public control over these functions.
In conclusion, chapter 28 advocates for the reversal of privatization of core government functions. Hartmann argues that the pursuit of profit should not supersede the public's right to accessible, affordable, and high-quality services. The chapter serves as a call to reassess the impacts of privatization and to prioritize the public interest over corporate profit in essential areas of governance.
29 - Break up the monopolies
In this chapter, Hartmann explores the detrimental effects of
monopolistic power and argues for the need to dismantle monopolies for
the sake of a fair and competitive economy.
Hartmann begins by examining the rise of corporate monopolies and the concentration of power in the hands of a few large corporations. He highlights how this consolidation of power has led to decreased competition, reduced consumer choice, and an imbalance of economic power.
The chapter delves into the impacts of monopolies across various sectors, including telecommunications, media, finance, and technology. Hartmann argues that monopolistic control stifles innovation, limits market access for smaller players, and leads to higher prices for consumers.
Hartmann also addresses the political influence of monopolistic corporations, highlighting the dangers of concentrated economic power translating into undue political influence. He argues that breaking up monopolies is not only crucial for economic reasons but also for protecting democracy and ensuring a level playing field for all.
Furthermore, the chapter explores historical examples of successful anti-monopoly actions, such as the trust-busting era of the early 20th century. Hartmann highlights the importance of robust antitrust enforcement and legislation in curbing monopolistic power.
In conclusion, chapter 29 advocates for the breakup of monopolies to restore a fair and competitive economy. Hartmann argues that dismantling monopolistic control is essential for fostering innovation, empowering small businesses, and promoting a more equitable distribution of wealth. The chapter serves as a call to action for policymakers and citizens to address the issue of monopolistic power and work towards a more democratic and inclusive economic system.
30 - Progressive Populism to replace progressive neoliberalism
In this chapter, Hartmann explores the need for a new political and
economic paradigm that prioritizes the needs of the working class and
challenges the neoliberal status quo.
Hartmann begins by discussing the failures of progressive neoliberalism, which he argues has perpetuated economic inequality and undermined the well-being of the majority. He highlights how the interests of corporate elites have often overshadowed the concerns of everyday people.
The chapter delves into the concept of progressive populism as an alternative framework that seeks to address economic disparities and empower the working class. Hartmann argues that progressive populism combines the principles of social justice, economic equality, and democratic participation.
Hartmann also explores historical examples of progressive populist movements, such as the New Deal era in the United States. He emphasizes the importance of grassroots organizing, community engagement, and political mobilization in driving progressive change.
Furthermore, the chapter discusses key policy proposals that align with the principles of progressive populism, including wealth redistribution, workers' rights, healthcare reform, and environmental protection. Hartmann argues that these policies can address the root causes of inequality and restore economic security for the majority.
In conclusion, chapter 30 advocates for the emergence of progressive populism as a counterforce to the neoliberal agenda. Hartmann argues that by prioritizing the interests of the working class and challenging corporate power, progressive populism can pave the way for a more just and equitable society. The chapter serves as a call to action for individuals and communities to embrace a progressive populist agenda and actively participate in shaping a better future for all.
31 - Standing on the edge
In this concluding chapter, Hartmann reflects on the current state of
neoliberalism and its implications for the future of America. He
presents a stark assessment of the challenges faced by society and
emphasizes the urgency of taking action.
Hartmann begins by acknowledging the devastating consequences of neoliberal policies on various aspects of American life, including income inequality, healthcare, education, and the environment. He highlights the erosion of the middle class and the concentration of wealth among the top echelons of society.
The chapter delves into the dangers posed by climate change and the urgent need for a comprehensive response. Hartmann emphasizes that the neoliberal focus on profit and growth has contributed to environmental degradation and jeopardized the well-being of future generations.
Hartmann also discusses the role of technology and automation in reshaping the economy and the potential for further job displacement. He argues that without proactive measures to address these challenges, the working class will continue to suffer.
Furthermore, the chapter explores the importance of collective action and the power of social movements in effecting meaningful change. Hartmann highlights the need for a broad coalition of progressive forces to challenge the neoliberal order and advocate for policies that prioritize the common good.
In conclusion, chapter 31 serves as a rallying cry for individuals,
communities, and policymakers to stand on the edge of change and take
action against the destructive forces of neoliberalism. Hartmann
emphasizes the need for a new economic and political paradigm that
prioritizes equity, sustainability, and democratic values. The chapter
serves as a call to action for readers to become informed, engaged
citizens and work towards restoring America's greatness by challenging
the neoliberal status quo.
Book Review: The Hidden History Of Neoliberalism - Paul Deaton
As the guardrails are removed from our democratic republic, it is important to examine how so many Americans came to believe that government should have only a minimal role, if any, in our economic life. Hartmann's new book fills that need. Not only does he explain what neoliberalism is, he explains why it is time for us to turn our backs on it.
My focus is on Iowa and the recent Republican rout of Democrats by taking the governor's office and large majorities in both chambers of the legislature. Without saying what they were doing, Governor Kim Reynolds and her GOP allies embraced the neoliberalism principles about which Hartmann writes.
Their policies include reducing taxes, gutting government spending, reducing licensing requirements, and other tactics to minimize the impact of regulations on business and enable the invisible hand of the global free market to work its magic. For goodness’ sake, Grover Norquist even co-authored an opinion piece in the Cedar Rapids Gazette in June to celebrate the latest regressive Iowa tax cuts!
Reading Hartmann brought this aspect of the Republican culture war into focus. It is neoliberalism at its zenith.
If Iowa Republicans had their way, society as we know it would be dissolved, leaving scattered family units headed by white, male patriarchs. Such families would have many children. Women might well take a subservient role to men in public life.
If you listen to Republican rants from the state capitol, they already believe their chosen tribal relationships are in place. If Republicans declare war on trans people, or others who don’t lead what they consider to be a traditional life, they will fight until every one of them has been run out of the state or marginalized. It’s a crusade.
Like all the books in the Hidden History series, The Hidden History of Neoliberalism is a great weekend read with depth of thought hard to find on television or radio. I’ve been reading Hartmann’s series for the last couple of years, and each time his explanations and historical research bring something new to my attention.
For example, I lived through the U.S. plot to overthrow Chilean president Salvador Allende, the C.I.A.-backed military coup by Augusto Pinochet, and the restructuring of Chilean society by Milton Friedman and his gang of Chicago school neoliberals. Hartmann highlights the relevance of Friedman's work during this fifty-year-old event to today’s Republican governance. "The blank slate of a new Chile offered the perfect laboratory for Milton Friedman's Chicago Boys to try out their exciting new neoliberal experiment," Hartmann wrote. Neoliberals have been hard at work creating a radical, right-wing culture that seeks to dominate our politics.
According to Hartmann, America could go one of two ways: continue down the road to neoliberal oligarchy, as supported by the GOP, or choose to return to FDR's Keynesian economics, raise taxes on the rich, reverse free trade, and create a more pluralistic society. The Hidden History of Neoliberalism is a primer on how the United States got to this point.
https://www.bleedingheartland.com/2022/09/06/book-review-the-hidden-history-of-neoliberalism/
Thom Hartmann discusses the Hidden History of Neoliberalism. And it started
before Reagan.
https://www.dailykos.com/stories/2022/9/11/2122275/-Thom-Hartmann-discusses-the-Hidden-History-of-Neoliberalism-And-it-started-before-Reagan
