{"id":3585,"date":"2018-12-15T10:40:41","date_gmt":"2018-12-15T05:10:41","guid":{"rendered":"http:\/\/34.22.110.190\/english\/?p=3585"},"modified":"2019-01-05T18:53:23","modified_gmt":"2019-01-05T13:23:23","slug":"what-is-neoliberalism-the-ideology-that-has-colonised-the-world","status":"publish","type":"post","link":"https:\/\/thebengalstory.com\/english\/what-is-neoliberalism-the-ideology-that-has-colonised-the-world\/","title":{"rendered":"What is Neoliberalism: the Ideology that has Colonised the World"},"content":{"rendered":"<p><em>\u2018With our thoughts we make the world\u2019 \u2013 Shakyamuni Buddha<\/em><\/p>\n<p>For the last few weeks, <em>Gilets Jaunes<\/em> or the \u2018Yellow Vests\u2019 protests are rocking France. It\u2019s a spontaneous apolitical citizens\u2019 movement of both right and left affiliations \u2013 largely coming from smaller towns and rural areas \u2013 which have united using social media, and represent France that struggles to make ends meet, and whose lives are getting crippled with rising costs, and the neoliberal policies of President Emmanuel Macron who is decried as the \u2018President of the rich\u2019. \u2018Macron, resign\u2019 is the <em>yellow vest<\/em> slogan that is now reverberating across rural and urban France.<\/p>\n<p>The best article to understand the finer details of the French insurrection \u2013 that is now spreading to other European countries \u2013 is Diana Johnstone\u2019s illuminating <span style=\"color: #008080;\"><a href=\"https:\/\/consortiumnews.com\/2018\/12\/05\/yellow-vests-rise-against-neo-liberal-king-macron\/\" target=\"_blank\" rel=\"noopener\"><em>Yellow Vests Rise Against Neo-Liberal \u2018King\u2019 Macron<\/em><\/a><em>.<\/em><\/span><\/p>\n<p>Johnstone says,<strong><em> \u2018<\/em><\/strong>Macron was the rabbit magically pulled out of a top hat, sponsored by what must be called the French oligarchy.\u2019 She goes on to explain, \u2018The mission assigned to him by his sponsors was clear. He must carry through more vigorously the \u201creforms\u201d (austerity measures) already undertaken by previous governments, which had often dawdled at hastening the decline of the social State.\u2019<\/p>\n<p>In another news related to neoliberalism, an excerpt from a book by the new Leftist President of Mexico Andr\u00e9s Manuel L\u00f3pez \u2013 published in <em>Jacobin Magazine<\/em> titled <em>Privatization Is Theft<\/em> \u2013 begins by saying, \u2018In terms of our collective wellbeing, the politics of pillage has been an unmitigated disaster. In economic and social affairs, we\u2019ve been regressing instead of moving forward. But this is hardly surprising: the model itself is designed to favor a small minority of corrupt politicians and white-collar criminals. The model does not seek to meet the needs of the people, or to avoid violence and conflict; it seeks neither to govern openly nor honestly. It seeks to monopolize the bureaucratic apparatus and transfer public goods to private hands, making claims that this will somehow bring about prosperity. The result: monstrous economic and social inequality.\u2019<\/p>\n<p>Both in France and Mexico, in fact, everywhere on the planet, including India, effects of Neoliberalism \u2013 from a wide spectrum of characteristics \u2013 are creating socio-economic havoc.<\/p>\n<p>Hence, it becomes essential to understand \u2013 in a language of common usage \u2013 what is Neoliberalism?<\/p>\n<p>The goal of the essay is to answer the vital question and bring to light a universal <em>Neoliberal Template<\/em> that is now being imposed all over the world by the ruling establishments, largely, through cunning, deception, coercion and authoritarianism.<\/p>\n<p><strong><em>Prelude<\/em><\/strong><\/p>\n<p>In the 21<sup>st<\/sup> century the debate isn\u2019t about capitalism and communism. That debate is over, outdated and has been historically settled in favour of capitalism or market economy, characterised by a mix of public and private sector enterprises\u00a0 (in varying proportions in various countries) and the transnational movement of global finance.<\/p>\n<p>Not only the democratic Nordic model \u2013 a welfare state with unionised workforce \u2013 followed by the Scandinavian countries, is a thriving market economy, even the communist\/\u2018one party\u2019 model like China and Vietnam have developed thriving market economies with the free flow of global finance.<\/p>\n<p>In other words, every nation on earth \u2013 either a democracy or a communist country \u2013 is a capitalist market economy (with varying degrees of \u2018free trade\u2019 and \u2018protectionism\u2019).<\/p>\n<p>Through the turbulent and violent history of 20<sup>th<\/sup> century \u2013 marked by the struggle between capitalism and communism \u2013 market economy eventually emerged as victorious.<\/p>\n<p>Only exception to this situation is the old styled Communist regime of North Korea. But that country too is in the process to expand socio-economic ties with South Korea and China, and move gradually towards a system of a more open market.<\/p>\n<p>Market economy has become the default-setting of all political models: Monarchy, Nordic model, Communist\/One-party model, Duopoly to Multi-party political systems, Presidential democracy and Parliamentary democracy.<\/p>\n<p>But the debate about the fairest and the most efficient economic system is far from over. The 20<sup>st<\/sup> century debate \u2013 between capitalism and communism \u2013\u00a0 has evolved, and has sailed into new waters.<\/p>\n<p>In the 21<sup>st<\/sup> century, the debate and the struggle are now between <em>neoliberalism<\/em> and <em>socialism <\/em>within the default-setting of a <em>market economy<\/em>.<\/p>\n<p>In other words, the battle is not between capitalism and communism, it is between <em>neoliberal market economy<\/em> and <em>socialist market economy<\/em>.<\/p>\n<p><strong><em>What is Neoliberalism?<\/em><\/strong><\/p>\n<p>In the short lucid essay about the origin of Neoliberalism, <a href=\"https:\/\/economic-historian.com\/2018\/11\/the-neoliberal-tale\/\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #008080;\"><em>The Neoliberal Tale<\/em><\/span><\/a>, Vittor Mellow writes, \u2018It is well known that during the past decades the levels of inequality and wealth concentration have continued to increase in capitalist economies, leading to the arrival of \u201coutsiders\u201d to the established political powers such as Trump in the United States \u2026.a turn to the right all over Latin America, and Brexit.<\/p>\n<p>Neoliberalism, one of the main elements to blame, is better known for the policies that defined the world economy since the 1970s. Faithful devotees like Ronald Reagan and Margaret Thatcher, in the US and UK respectively, exported a number of their neoliberal policies to low and middle income countries through the Washington Consensus under the pretense that it would bring about development.<\/p>\n<p>Neoliberal policies did not exactly turn out the way their creators envisioned.\u2019<\/p>\n<p>Mellow goes on to point out, \u2018The rise of neoliberalism was not spontaneous but rather orchestrated and planned; it was a collective transnational movement to counteract the mainstream of the time; it was originated out of delusion in a period marked by wars, authoritarianism and economic crisis; it was grounded on political affiliations and supported by the dominant ruling class that funded its endeavors and transformed public opinion. These are the roots of what is now the mainstream economic thought.\u2019<\/p>\n<p>Stephen Metcalf\u2019s long-form essay <a href=\"https:\/\/www.theguardian.com\/news\/2017\/aug\/18\/neoliberalism-the-idea-that-changed-the-world\" target=\"_blank\" rel=\"noopener\"><em><span style=\"color: #008080;\">Neoliberalism: the idea that swallowed the world<\/span> <\/em><\/a>began by citing a published paper by three senior IMF economists that questioned the benefits of neoliberalism. Metcalf writes, \u2018The paper gently called out a \u201cneoliberal agenda\u201d for pushing deregulation on economies around the world, for forcing open national markets to trade and capital, and for demanding that governments shrink themselves via austerity or privatisation. The authors cited statistical evidence for the spread of neoliberal policies since 1980, and their correlation with anaemic growth, boom-and-bust cycles and inequality.\u2019<\/p>\n<p><em><strong>Characteristics and Symptoms of Neoliberalism<\/strong> <\/em><\/p>\n<p>There is nothing liberal about neoliberalism. It was pushed into the world by right wing conservatives as an economic ideology. Neoliberalism is a far right strain of capitalism \u2013 with enormous political and socio-cultural consequences \u2013 that has come to prevail in our modern world of globalised market economy.<\/p>\n<p>Neoliberalism is also a strange creature: it both a virus and the disease that the virus causes. Like a mutating virus, it has become more virulent in the 21<sup>st<\/sup> century. Like a disease, it is identified by certain characteristics and varied symptoms which are not constrained under economics, but spreads everywhere from politics to culture.<\/p>\n<p>A <em>Neoliberal Template<\/em> has emerged in the 21<sup>st<\/sup> century, and this template \u2013 created and pushed by the Globalist Financial Elites \u2013 is spreading like a pestilence. The salient characteristics of neoliberalism \u2013 which vary in intensity in different countries \u2013 are as follows:<\/p>\n<p>\u25cf Corporatism \/ Corporatocracy \u25cf Profit Above People \u25cf Subversion of Constitution \u25cf Deregulation \u25cf Centralisation of Power \u25cf Opening Markets to Global Finance and Global Corporations \u25cf Privatisation \u25cf Planned Destruction of Public Sector and Sale of Public Sector Firms to Private Sector \u25cf Funnelling of Natural Resources and Capital into the Hands of the Few \u25cf Plunder of Ecology and Environment \u25cf Austerity \/ Reduction of Social Welfare \u25cf Formalisation of Economy at the Cost of Unorganised Sector \u25cf Turning Education and Healthcare into Profit Making Sectors \u25cf Corporatisation of Farming Sector\u00a0 \u25cf\u00a0 Financialisation\u00a0 \u25cf Digitalisation \u25cf Cashless Economy \/ Cashless Society \u25cf Removal of Social and Economic Subsidies \u25cf Technocracy \u25cf Creation of Debt Based Society \u25cf Creation of Orwellian Surveillance and Police State\u00a0 \u25cf\u00a0 Mandatory Smart ID Cards \/ Micro Chip Implanting \u25cf Loss of Freedom and Civil Liberties \u25cf Creation of Draconian Laws in the Pretext of Enemies \/ Attack \/ Danger \/ Protection \/ Safety\u00a0 \u25cf Wholesale Consumerism \u25cf Anti-Intellectualism \u25cf Prevalence of Shallow Entertainment \u25cf Glorification of Military and Normalisation of War Mongering \u25cf Turning Press &amp; Media from Watchdog into Lapdog \u25cf Use of Corporate Media, Corporate Think-Tanks, Sponsored Academics, Compromised Intelligentsia and Pet NGOs as Tools of the Establishment \/ Shadow Establishment \u25cf Ideological Takeover of Critical Institutions and Dilution of their Potency \u25cf Usage of Popular Culture \u2013 movies, music, books, awards and recognitions \u2013 for Propaganda, Manipulation and Promotion of Establishment \/ Shadow-establishment Sanctioned Worldview\u00a0 \u25cf\u00a0 Promotion of a Societal Culture that is best described as \u2018Exceptionalism and Supremacy of The Powerful\u2019 \u25cf Organised Subversion of Progressive Left, Dissenters, Activists, Whistleblowers and Independent Media \u25cf Assault on Free Speech \u25cf Censorship \/ Shadow Banning on Social Media \u25cf Manipulation of Algorithms and Internet Search Results \u25cf Marginalisation, Prosecution and Demonization of the Anti-establishmentarian \/ Anti-shadow-establishmentarian Intelligentsia \u25cf Deliberate Social Engineering Missions \u2013 such as Organised Spread of Toxic Hate, Fear, Hysteria and Insecurity \u2013 which Harness the Existing Faultiness in a Society To Divide People on Basis of Identity \u25cf Manufacturing of Enemies and Increasing Societal Tensions \u25cf\u00a0 Disempowerment of Citizens \u25cf Creation of Taboo Subjects which Encourage Self-Censorship in Thought and Speech \u25cf Data Collection, Data Analysis and Data Harvesting \u25cf Quickening of the Transfer of Wealth to the 1% \u25cf Increased Inequality \u25cf Increased Concentration of Wealth and Power \u25cf Increased Cost of Living \u25cf Misplaced Priorities \/ Imbalance in Governmental Spending\u00a0 \u25cf Extractive Taxation \u25cf Stagnant Wages \u25cf Declining Purchasing Power \u25cf Increased Social and Behavioural Problems (Apathy, Substance Abuse, Loneliness Epidemic, Domestic Violence, Deterioration of General Mental Health, Increase of Toxic Relationships et cetera)\u00a0 \u25cf Chronic Fatigue of Living in a Compassionless System That Doesn\u2019t Care About People, but is Obsessed with Numbers and Profit \u25cf Increasing Use of Organised Diversion and Distraction \u25cf Omission of Critical Issues \u2013 and even crucial terms such as <em>neoliberalism<\/em> \u2013 from Public Focus and Discussion \u25cf War On Reality \/ Creation of Simulacra Using Propaganda, Indoctrination, Misinformation, Fake News, Psyops, Mythmaking, Spin and False Flag Events \u25cf Rise in Sociopaths in Power \u25cf Marginalisation and Neglect of Minority Groups, Oppression of the Poor and Slow Strangulation of the Middle Class<\/p>\n<p><strong><em>The Root of The Neoliberal Malaise<\/em><\/strong><\/p>\n<p>We come to understand that \u2018neoliberal agenda\u2019 is the ideology of \u2013 what Vittor Melow calls \u2013 \u2018the dominant ruling class\u2019 that is out to colonise the globe. It is far right capitalism that frames and executes policies through the lens of the un-elected super elites: globalist bankers, financial institutions and allied corporate interests, who have transformed neoliberalism as the tool of the ultra-rich for making policies to benefit the ultra-rich.<\/p>\n<p>After the 2008 Financial Crisis, the private western bankers who caused the crisis, went unpunished and were rewarded by bailouts from the public funds.\u00a0 The biggest corporations also exploit regulation and policy loopholes, and often pay the least taxes. (Most of the profit finds it way to off-shore tax havens, and a monumental chunk of capital gets removed from productive usage, exit from the economies of the countries and this adversely affect welfare and development) That\u2019s why neoliberalism can also be described as \u2018compassionate socialism for the 1% and brutal capitalism for the 99%\u2019.<\/p>\n<p>Collusion of corporate power and big finance with political parties has become the most malicious trait of neoliberalism. Politicians act as the middlemen of banking and business interests, and impose policies which benefit their funders and assist profiteering. This has allowed neoliberalism to become a tool of imperialism and neo-colonialism, where unelected western financial and corporate elites take control of a country\u2019s economic policies and natural resources via puppet politicians\/compromised political parties and local crony corporates, and get the major chunk of tax payers\u2019 money funnelled to them through dubious deals, covert understandings and governmental contracts at the cost of greater public good and national interest.<\/p>\n<p>Contemporary authors such as Eduardo Galeano and Ng\u0169g\u0129 wa Thiong&#8217;o \u2013 who calls neoliberalism, \u2018Capitalist Fundamentalism\u2019 \u2013 have shown how neoliberialism has become a tool of imperialism and neo-colonialism in the continents of South America and Africa, where the majority of the people are not benefitting by the economic and social policies of their own governments who have surrendered sovereignty, and are plundering and exploiting the region as the vassals of foreign power (political, corporate, financial institutions and banking).<\/p>\n<p>The economic fate and destiny of many countries are still being decided by a small clique of global power \u2013 a transnational feudal entity or a financial oligarchy: the .1% of the 1% \u2013 that controls the Empire. Direct colonialism has resurfaced as indirect neo-colonialism.<\/p>\n<p>*<\/p>\n<p>Economist Utsa Patnaik recently \u2013 in a collection of essays published by Columbia University Press \u2013 concluded that over roughly 200 years, <a href=\"https:\/\/www.livemint.com\/Companies\/HNZA71LNVNNVXQ1eaIKu6M\/British-Raj-siphoned-out-45-trillion-from-India-Utsa-Patna.html\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #008080;\">the East India Company and the British Raj siphoned out at least \u00a39.2 trillion (or $44.6 trillion) from India<\/span><\/a>.<\/p>\n<p>Unless the contemporary <em>Neocolonialism via Neoliberalism<\/em> is understood, and actions are taken to prevent it, we will have economists in the future who will be pointing out that trillions of dollars were surreptitiously plundered from India at the cost of India\u2019s interests, at a time, when we thought colonialism was a thing of the past.<\/p>\n<p>*<\/p>\n<p>Even in the high income nations or the so called \u2018developed countries\u2019, neoliberalism has taken a massive toll on the local communities and the common people.<\/p>\n<p>To reiterate, what I had pointed out in an earlier essay, in United States of America \u2013 the largest economy in the world \u2013 the effects of neoliberalism have been most severe: a 2014 study by Princeton University Prof Maryin Gilens and Northwestern University Prof Benjamin Page concluded that US is an oligarchy, not a democracy, where \u2018policymaking is dominated by powerful business organisations and a small number of affluent Americans\u2019 and the will of the average citizens have \u2018little or no independent influence on policy at all\u2019; the bankrupt US Government \u2013 reeling from trillions of dollars of war machine spending \u2013 now has a debt of over 21 trillion dollars and requires over 1 trillion dollars of fresh debt every year to pay the bills; the citizens have lost a lot of civil rights due to the imposition of acts which were devised as an excuse to the \u2018global war against terror \u2018 and gave birth to the \u2018surveillance and police state\u2019; America has the highest incarceration rate in the world; Philip Alston, the UN special rapporteur who acts as a watchdog on extreme poverty around the world, has issued a recent scathing critique\u00a0of America today where he warned that \u2018systematic attack on welfare program\u2019 will leave millions deprived of food and healthcare; Opioid Epidemic \u2013 deaths due to overdosing on prescription opioids \u2013 has become a crisis; 61% of the US citizens don\u2019t have enough savings to cover a $1000 emergency; the 3 richest Americans hold more wealth than bottom 50% of the country; Middle Class is falling farther behind the wealthy and has declined from 61% (1971) to 52% (2016) and a MIT economist Peter Temin concluded in his book <em>The Vanishing Middle Class <\/em>that 80% of the population is burdened by debt and US has regressed to developing nation status.<\/p>\n<p>Nobel Prize winning American economist Joseph Stiglitz \u2013 who is credited with pioneering the concept of the \u2018<em>1 per cent\u2019 <\/em>\u2013 warned, \u201c<a href=\"https:\/\/www.theguardian.com\/business\/2018\/nov\/05\/joseph-stiglitz-america-should-be-a-warning-to-other-countries\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #008080;\">America, I think, should be an important warning to other countries not to take for granted their institutions. I worry that things in the United States could get much worse.<\/span><\/a>\u201d<\/p>\n<p>*<\/p>\n<p>The big lesson for the developing \/ growing \u2018low to middle income\u2019 countries is that neoliberalism hasn\u2019t only become a thoroughly discredited economic ideology, but it has become a existentialist danger to democracy and its institutions. Along with economists such as Joseph Stiglitz, neoliberalism has also been described by Noam Chomsky, as \u2018anti-democratic\u2019. Chomsky concluded, \u2018Neoliberalism is the immediate and foremost enemy of genuine participatory democracy, not just in the United States but across the planet.\u2019<\/p>\n<p>He says this, because the governments all around the world have increasingly fallen under the control of \u2018extra-constitutional forces\u2019 such as globalist bankers and global corporations, who execute their desired policies via the political parties in power.<\/p>\n<p>National interests mean corporate interests, people\u2019s interests just remain a lip service; the policies of \u2018higher moral ground\u2019 are propagated, when the real corporate-profiteering agenda behind the policies, remain hidden. Politicians perform as \u2018actors\u2019 before the public and largely function as vassals and puppets, whose strings are controlled by their unaccountable elite masters and the feudal plutocrats who remain in the shadows; and democracy is completely sabotaged and subverted by this shadowy pernicious neo-feudalism of the modern 21<sup>st<\/sup> century world.<\/p>\n<p>In other words, \u2018covert\u2019 plutocracies have replaced \u2018overt\u2019 democracies and elite oligarchies have formed due to neoliberalism where private corporations hold more wealth and more influence than many smaller nations of our world.<\/p>\n<p>Due to the anti-democratic aspect of neoliberalism, where the concentration of wealth and decision-making power reside with a handful, the former Greek Finance Minister, economist and writer Yanis Varoufakis \u2013 along with Croatian philosopher Sre\u0107ko Horvat \u2013 has started a Pan-European political movement in 2015 \u2013 DiEM25 \u2013 whose aim is to \u2018democratise\u2019 Europe by 2025 by restoring the eroded principles of \u2018full-fledged democracy\u2019.<\/p>\n<p>Diem25 has recently joined forces with US Senator Bernie Sanders to start a global <em>Progressive International<\/em> movement to fight neoliberalism, amongst other goals, as the \u2018grassroots movement for global justice\u2019.<\/p>\n<p>In the recent years, due to the rise of the far right \u2013 amidst the growing disenchantment with the failures of the liberal political parties \u2013 neoliberalism has taken a more authoritarian and fascist undertones.<\/p>\n<p>Chris Hedges in his essay <a href=\"https:\/\/www.truthdig.com\/articles\/neoliberalisms-dark-path-to-fascism\/\" target=\"_blank\" rel=\"noopener\"><em><span style=\"color: #008080;\">Neoliberalism&#8217;s Dark Path to Fascism<\/span> <\/em><\/a>writes, \u2018Neoliberalism transforms freedom for the many into freedom for the few. Its logical result is neofascism. Neofascism abolishes civil liberties in the name of national security and brands whole groups as traitors and enemies of the people. It is the militarized instrument used by the ruling elites to maintain control, divide and tear apart the society and further accelerate pillage and social inequality. The ruling ideology, no longer credible, is replaced with the jackboot.\u2019<\/p>\n<p><strong><em>The Future<\/em><\/strong><\/p>\n<p>Dante Alighieri pointed out, \u2018From a little spark may burst a flame\u2019; and the flame can only burst out in the world, when the flame in the heart alights. The much of the rising popularity of the anti-establishmentarian progressive political movements in the West led by the \u2018social democrats\u2019 \u2013 Yanis Varoufakis (Europe), Jeremy Corbyn (UK) and Bernie Sanders (USA) \u2013 is due to the <em>flame of awareness<\/em> in the hearts of the people \u2013 especially the young \u2013 about the hellish injustices of neoliberalism, perpetrated by the global ruling elites.<\/p>\n<p>The <em>social democrats<\/em> in a democracy, are not out to replace market economy with a state controlled Communist system, but are out to bring back pro-people <em>balance <\/em>in a market economy.<\/p>\n<p>The balance has now tilted totally in favour of the ultra-rich \/ corporatocracy, and needs to brought back towards the interests of the people: the poor, the working class and the middle class.<\/p>\n<p>The hysterical and diversionary focus on the \u2018left versus right\u2019 <em>cultural politics<\/em> needs to be replaced by politics focussed on the <em>social and economic factors<\/em>.<\/p>\n<p>Progressive Left politics in the West \u2013 amongst many issues \u2013 are also demanding the end of \u2018perpetual war\u2019 \/ militarism, \u2018de-privatisation \/ re-nationalisation of crucial services and sectors\u2019, \u2018free public education and affordable healthcare\u2019, \u2018breaking of the big banks\u2019 and \u2018reforms in the global financial system\u2019 to free the world from the \u2018tyrannical control of Big Finance\u2019.<\/p>\n<p>Progressive millennials are constantly writing against the privatised \u2018Corporate Totalitarianism\u2019 \/ \u2018New World Order\u2019 that is subverting national sovereignty, diluting democracy and killing peace for the mindless \u2013 and almost psychopathic \u2013 pursuit of greater private control, private profit and even private geopolitical goals, at the cost of the planet, and much of humanity.<\/p>\n<p>In the recent times, the battle is escalating between the forces of \u2018pro-people anti-establishment sovereign <em>socialist market economy<\/em>\u2019 and \u2018pro-corporate pro-establishment anti-sovereign <em>neoliberal market economy<\/em>\u2019.<\/p>\n<p>Even in the list of <em>Gilets Jaunes<\/em> demands that is circulating on social media (<em>see photo<\/em>) we find anti-corporatism, anti-oligarchy and anti-elitism demands such as \u2018France\u2019s constitution to be written \u201cby the people and for the interests of the people\u201d\u2019; \u2018make banks smaller\u2019; \u2018lobbying to be banned\u2019; \u2018break up media monopolies and halt cosy relationship between media and political class\u2019; \u2018open media to the people\u2019; \u2018limit power of pharmaceutical companies\u2019; \u2018ban GM foods\u2019; \u2018pull France out of Nato and foreign wars\u2019; \u2018end the plunder of French-speaking Africa\u2019 and so on.<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-3589\" src=\"https:\/\/thebengalstory.com\/wp-content\/uploads\/sites\/2\/2018\/12\/yellow-300x212.jpg\" alt=\"\" width=\"577\" height=\"408\" srcset=\"https:\/\/thebengalstory.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/yellow-300x212.jpg 300w, https:\/\/thebengalstory.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/yellow-768x543.jpg 768w, https:\/\/thebengalstory.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/yellow-1024x724.jpg 1024w, https:\/\/thebengalstory.com\/english\/wp-content\/uploads\/sites\/2\/2018\/12\/yellow.jpg 1200w\" sizes=\"(max-width: 577px) 100vw, 577px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>*<\/p>\n<p>Amidst the present socio-economic and political upheavals in the West, death-knell of neoliberalism has already been sounded. The resistance is growing everywhere against the <em>Neoliberal Template<\/em>. The people in the \u2018democratic\u2019 world are realising with bitterness that those whom we bring to power through our votes are doing whatever it takes to make us more powerless. Political leaders are propped up, marketed and sold to the people by shadow oligarchies, and they fail the people, again and again. Elected governments don\u2019t fight the actual problems, but start to fight the people to control dissent.<\/p>\n<p>But the way things are shaping up, we can expect transformative change or a paradigm shift in the US, and the neoliberal West, in the near future, within a decade, at most. Neoliberalism \u2013 also known as \u2018Late Capitalism\u2019 \u2013 will terminate, and give away to \u2018social democracy in a market economy\u2019, and the democratic world will begin to resemble the socially responsible Nordic model, than the financial oligarchy driven extreme Neoliberal model of United States of America.<\/p>\n<p>But whether this shift will come through the youthful progressive movements or a chaotic economic collapse triggered by monumental debt, or both, or through violent insurrections or through an unexpected \u2018black swan\u2019 event, that time will only tell.<\/p>\n<p>But right now we have entered a most challenging period where authoritarianism is sharply spiking to implement the <em>Neoliberal Template<\/em> and to create \/ entrench <em>Deep State Democracies<\/em> where unelected plutocrats control elected leaders, and impose totalitarian pro-rich dystopian neoliberal policies upon the people.<\/p>\n<p>In this situation, when freedom, truth and sovereignty are in danger,\u00a0 if liberalism has to return to defeat the right wing populism \/ nationalism \/ theo-nationalism, then it has to do so by riding the wave of progressivism \/ progressive politics and discard \/ dismantle the \u2018state-corporate totalitarianism\u2019 of neoliberalism \u2013 the root cause of our age of anger, turmoil and discontent.<\/p>\n<p>[The views expressed belong solely to the author, and may not reflect the opinions of the editorial team]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u2018With our thoughts we make the world\u2019 \u2013 Shakyamuni Buddha For the last few weeks, Gilets Jaunes or the \u2018Yellow Vests\u2019 protests are rocking France. 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