Neoliberal Fascism and the Echoes of History
The nightmares that have shaped the past and await return slightly just below the surface of American society are poised to wreak havoc on us again. America has reached a distinctive crossroads in which the principles and practices of a fascist past and neoliberal present have merged to produce what Philip Roth once called “the terror of the unforeseen.”
Since the 1970s, American society has lived with the curse of neoliberalism, or what can be called the latest and most extreme stage of predatory capitalism. As part of a broader comprehensive design, neoliberalism’s overriding goal is to consolidate power in the hands of the financial elite. As a mode of rationality, it functions pedagogically in multiple cultural sites to ensure no alternatives to its mode of governance can be imagined or constructed.
Central to its philosophy is the assumption the market drives not just the economy but all of social life. It construes profit-making as the essence of democracy and consuming as the only operable form of agency. It redefines identities, desires and values through a market logic that favors self-interest, a survival-of-the-fittest ethos and unchecked individualism. Under neoliberalism, life-draining and unending competition is a central concept for defining human freedom.