Neoliberalism Never Happened
Wednesday January 22, 2025 | Emmanuel Comte
Neoliberalism is a myth. The concept suggests that starting in the 1970s Western economies have been shaped by free-market principles, the state has retreated, and markets have reigned supreme. And yet, the last fifty years were not about liberalizing, but about strengthening the state. Neoliberalism never happened. Instead, what unfolded was neostatism—a strategy where governments restructured their role to protect and expand their power. From the late 1970s onward, policies branded as “neoliberal” were crafted not to relinquish state control but to reassert it. And today, as overt state intervention returns with a vengeance, it becomes clear that the “neoliberal era” was a carefully managed illusion. (more…)