Why Today’s Neoliberal Global Order Is Incompatible With Democracy
In the years since the Cold War and the collapse of the USSR, the U.S. Left has sensed that something was morphing within global capitalism. This “something” was described more by its symptoms than by its essence, e.g., deindustrialization. In much of the rest of the world there was a growing awareness, however, that a particular form of capitalism was becoming dominant on a world scale, a form that came to be known as neoliberal capitalism or neoliberal globalization.
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