9 - Neoliberalism

Summary

British neoliberalism was taken up by democratic parties in an open society, so this chapter explores what, if any, lessons about its political consequences can be drawn from the political evolution of the Soviet Union. Political parties in Western Europe by the 1970s were struggling to keep pace with the changing social needs and preferences of their electorates when neoliberalism emerged. This social dis-embedding of parties would only worsen in the UK, however, when neoclassical economic diagnoses became the bipartisan methodology, and electoral choices around economic strategies were duly narrowed. The chapter traces how, as the tide of neoliberal developmental failures has risen, the Conservative Party embraced the same political strategies as late Soviet regimes. The ‘combat task’ rhetoric of economic change was replaced with the charismatic politics of nationalism, and governments increasingly resorted to demonstrable lies and invented realities to deflect from the real effects of policy and after 2016, its most utopian expression: Brexit. The chapter also reviews the rise of political corruption under neoliberalism, another Soviet affinity, as ideology morphs into alibi.