Tag Archives: capitalism

Examining Neoliberalism’s Role in Modern Far-Right Politics

The world is seeing a rise in far-right politics, from Italy, to France, to Brexit, to President Trump. So, how did we get here? And, where exactly are we? Is this authoritarianism, fascism, populism, or something else? These are the questions political theorist Wendy Brown addresses in her talk, Neoliberalism’s Scorpion Tail: Markets and Morals Where Democracy Once Was.

Brown begins by outlining what she sees as the classical liberal thinking on the subject. The story goes like this: neoliberal economic policies devastated rural and suburban areas taking away decent jobs, pensions, schools, services and infrastructure as social spending dried up, and capital began to chase cheap labor and tax havens in the global south. At the same time, a cultural gap grew between those rural and suburban communities, and urban centers. Rural families were alienated, left behind, and felt like strangers in their own land. This feeling was coupled with enduring racism as immigrant communities transformed some suburban neighborhoods and the politics of equality appeared to the uneducated white male, to favor everyone but him.

Brown says that story is incomplete. She argues it fails to address a key component of neoliberalism: the idea that society and robust democracy disrupt the natural hierarchy of markets and traditional morals. Brown argues that classical neoliberalism seeks to disintegrate society and universal suffrage, leading to a world where those who were historically dominant – the white male in particular – feel that dominance fade. What is left, are feelings of rage and resentment. Brown imagines two possible futures for those feelings, one bleaker than the next. First, she describes world in which politics are based solely on spite and revenge. The second option? A reversal of values, where those who have lost the world they feel historically entitled to seek to destroy it. But, she leaves some room for hope if humanity can draw deeply from our imaginations, courage and grit.

Watch Neoliberalism’s Scorpion Tail: Markets and Morals Where Democracy Once Was

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Start Me Up! Entrepreneurs at Career Boost Camp 2013

Entrepreneurship plays a vital role in the U.S. economy as it embodies the spirit of American capitalism.

However, as the necessity of capitalism dictates, some of these entrepreneurs must fail in order for others to succeed.

According to the Bureau of Labor Statistics, survival rates of new start-ups have been dwindling since the recession began. The BLS reports, “The period from 1993 to 2006 was marked by an increase in the number of births and deaths [of start up companies], indicating a higher amount of business ‘churn’ — that is, new business establishments entered and old establishments exited the economy in greater numbers. Since the most recent recession began in December 2007, births have experienced the steepest decline in the history of the series.”

But even in this tough economy, UC San Diego Alumni have managed to create and sustain successful businesses. Watch “Start Me Up! Entrepreneurs at Career Boost Camp 2013” to hear from a chief creative officer, a computer and electrical engineer, and other entrepreneurs as they share their tales of successful start ups.

For more career advice and job-focused videos, check out The Career Channel.

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