Neo-Liberalism And The Man Behind The Curtain

By Mark Taliano

Words impact people and help to win elections.  The word “conservative”, for example, denotes “conservation”, and evokes images of environmental conservation, economic, prudence and so on.  

This word does not, however, describe our current federal regime, as it dismantles environmental protections, deregulates markets, subsidizes transnational corporations, bails out banks, and weakens the public sector at every turn.  The word that does, however, describe our current federal regime, is “neoliberal”.  Beneath the surface, the Harper regime, with its Reform party roots, is actually a “neoliberal” government.  

Not surprisingly, the term “neoliberal” is rarely used in the corporate media, just as the phrase “human-caused climate change” is rarely found in corporate media. 

The big question is why? And the answer is fairly straightforward. Huge corporate entities make the rules and frame the discussions.

Neo-liberalism is an economic theory that benefits about 20 per cent of the population, while it is a disservice to the rest.  It is also the economic theory that created the catastrophic crash of the financial markets in 2008, as well as the economic devastation elsewhere in the world.

Hallmarks of this theory include privatization, deregulation, the rolling back of the public sphere, and the enrichment of the 1%. 

It preaches a “laissez-faire” market approach, but it relies for its success on huge public subsidies and bailouts.  It creates a casino, boom/bust economy that is insured by unwitting public citizens.

It plays havoc with environmental stewardship (gutting environmental regulations); it plays havoc with financial markets (unregulated financial transactions ( i.e hedge funds/derivatives); and it plays havoc with solidarity movements such as unions. Most insidious of all, though, it becomes stronger where democracy is weak or non-existent.  Democracy and neoliberalism move in opposite directions. 

Chinais a flourishing capitalist, “neoliberal” country, but when democracy tried to break out atTiananmen Square, the students and their democratic ideals were wiped out …. literally.  The bodies were burned, and nowChinais a strong capitalist, but aggressively anti-democratic country.    

Russia, too, is now a capitalist country with a “neoliberal” economy, but its democracy is very weak. 

So, the unseen, un-named influence in the Harper regime, and to a slightly lesser extent, the McGuinty government, is neoliberalism. 

In some respects, apart from the lack of respect that it demonstrates to working people, neoliberalism is also evil. 

The military-industrial complex grows by creating fear and by waging war.  So, in 2003 when the U.S and the U.K unleashed weapons of mass destruction onIraq(a country that had nothing to do with 9/11, terrorism, or the alleged weapons of mass destruction), the corporate media barely mentioned the thousands (over 100,000) of American anti-war protestors in the streets.  Not surprisingly, CBS was owned by Westinghouse, and NBC by General Electric, two major weapons manufacturers, when the Iraq War started. 

According to Iraq Body Count, from 106, 695 – 116,548 (likely more) innocent, non-combatants have lost their lives so far since the criminal invasion ofIraq. 

 The military industrial complex also affectsCanada.  Lockheed Martin, the sole source provider of the F-35’s will likely cost Canadians billions more than expected.  This, at a time when public services such as health care are under-funded and dysfunctional.  

Even as neoliberalism fosters these maladjusted priorities, it is still a winning formula for the exploiters though: they use public money to undermine the public sphere, so the largely unaccountable transnational corporations can profit.  This insinuation of the private sphere into what has traditionally been the public sphere is happening at an alarming rate now, and it will continue to drive up prices for ordinary citizens, especially in the realm of health care.

Canada currently has record levels of economic disparities, record levels of planned environmental devastation, and record levels of democratic deficits: all hallmarks of neo-liberalism.

Yet even as this exploitative system crashes economically, and forces “austerity” on the 99%,   it is still fairly intact ideologically. It is still wearing the mask of “conservatism”, and it is still a taboo topic for the corporate media.  

“Pay no attention to that man behind the curtain.”

Mark Taliano is a Niagara native and frequent contributor of political essays and commentary to Niagara At Large.

(Niagara At Large invites you to share your views on this post below. We also welcome others to contribute commentary to this site if they have a commentary on the good, bad and ugly of our times that is dying to get out.)

 

 

 

 

 

 

4 Responses to Neo-Liberalism And The Man Behind The Curtain

  1. Well put…unfortunately the majority of our population is either ill informed or not aware.

  2. The Brockville Chapter of the Council of Canadians has a priority to expose neoliberalism in Canada and its consequences. We put out letters to the editor, emails and educational ads in our local EMC paper every month. In April we have a speaker coming from Queens. It is encouraging to see good articles like this one. I joined facebook just to STOP NEOLIBERALISM .

  3. Michel Therrien

    I’d go further and say that it is FASCISME…

  4. I believe it is errant to describe China as a neo-liberal country. There has been a constant pulll from the west to move it in that direction since it became accepted member of the Wold Bank and the IMF but the Chinese have resisted opening up their economy and privatizing, to the chagrin of western capitalist countries. China retains a large state owned (public) corporate sector. It also fosters public provincial enterprises which have flourished. These two represent more than 50% of their corporate economy. The Chinese stock market is not the dominant player it is in the west and it is quite regulated. China also employs state management of its economy with five year plans and central direction. They never realized the financial crisis as in the west because their banks are largely state owned and regulated. China’s success in massively reducing poverty is not the result of a privatized deregulated economy but rather the result of a regulated mixed economy with sizeable state intervention. Their success should be recognized and critically applauded by people on the left rather than completely disparaged.

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