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Neo-Liberalism as Creative Destruction
Authors:David Harvey
Institution:The City University of New York, USA; 
Abstract:Neoliberalization has swept across the world like a vast tidal wave of institutional reform and discursive adjustment, entailing much destruction, not only of prior institutional frameworks and powers, but also of divisions of labor, social relations, welfare provisions, technological mixes, ways of life, attachments to the land, habits of the heart, ways of thought, and the like. To turn the neoliberal rhetoric against itself, we may reasonably ask: in whose particular interests is it that the state take a neoliberal stance and in what ways have these particular interests used neoliberalism to benefit themselves rather than, as is claimed, everyone, everywhere? Neoliberalism has spawned a swath of oppositional movements. The more clearly oppositional movements recognize that their central objective must be to confront the class power that has been so effectively restored under neoliberalization, the more they will likely themselves cohere.
Keywords:neoliberalism  creative destruction  class power  accumulation by dispossession  privatization  financialization  redistribution  democratic alternatives
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