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Neoliberalism: From Ronald Reagan to the Gig Economy | Tom Nicholas

Neoliberalism (or neoliberal capitalism) is a term which gets thrown around a lot in cultural and political discourse. Is it often used to describe the policies of Ronald Reagan and Margaret Thatcher in the 1970s and 1980s and the subsequent premierships of Bill Clinton and Tony Blair and the adjective "neoliberal" continues to be used as a derogatory phrase in the ongoing Democratic debates in the US. Yet it is also used with reference to the "gig economy" and services such as Uber, Deliveroo and Airbnb. Is neoliberalism, then, simply a synonym for capitalism or is there more to it than that? In this "neoliberalism explained" video, I aim to answer just that. In this month's episode of What the Theory, I unpack what we mean when we talk about neoliberalism. From the early work of economists such as Milton Friedman (author of Capitalism and Freedom), Friedrich von Hayek (author of The Road to Serfdom) and the Mont Pelerin Society, through its implementation by Reagan and Thatcher to its infliction upon countries in the global south as described in The Shock Doctrine by Naomi Klein, I undertake a brief history of free-market capitalism and consider some of its consequences. Support me on Patreon at   / tomnicholas   Further Reading A Brief History of Neoliberalism by David Harvey US: https://amzn.to/2O4dD21 UK: https://amzn.to/2ZSygoR The Shock Doctrine by Naomi Klein US: https://amzn.to/32Hgxhg UK: https://amzn.to/2Q6Fnp5 [The above are affiliate links. I receive a small kickback from anything you buy which, in turn, helps to support the channel.] If you've enjoyed this video and would like to see more including my What The Theory? series in which I provide some snappy introductions to key theories in the humanities as well as PhD vlogs in which I talk about some of the challenges of being a PhD student then do consider subscribing. Thanks for watching! Twitter: @Tom_Nicholas Website: www.tomnicholas.com #neoliberalism #Reagan #gigeconomy