Despite predictions of its demise, the neoliberal power bloc of think tanks and lobby groups is still deeply entrenched and pushing into new territory, from health care to space exploration. Neoliberalism won’t be over until the Left can challenge that power.
Philip Mirowski is author of Science-Mart, The Knowledge We Have Lost in Information, and Never Let a Serious Crisis Go to Waste.
Many observers expected that the 2008 financial crisis would mark the end of neoliberalism. Instead, we saw a wave of privatization and sharp cuts in public services. Today, the forces best placed to exploit the coronavirus pandemic are still those who already have power: the neoliberals who’ve been shaping the economic policy agenda for decades.