Everyone hates Neoliberalism – But We’ll Still Miss It When It’s Gone

Democracy is the theory that the common people know what they want, and deserve to get it good and hard.

H. L. Mencken

Neoliberalism is doomed because everyone hates it. They are mostly wrong about the reasons they think they have for hating it. But explaining what neoliberalism actually is - classical liberalism updated for the era of big centralised government - only presents new and clearer reasons to hate it. For liberalism itself has always been a minority view: most people have always viscerally rejected the idea that other people - the wrong people - deserve freedom and rights. Its influence came not from convincing the majority of its principles, but from offering the arena within which more powerful political doctrines and cabals could safely compete with blunted weapons for a reduced prize. Now the political tides have turned back against moderation, and liberalism’s gift of proceduralist constraints has itself become the target of our rage.

I. Neoliberalism is not what you think you hate about it

The term ‘neoliberalism’ was successfully expropriated by the left shortly after its coining and now functions in public, political, and academic discourse as an exonym: “a term for another group, which signals that the speaker does not belong to it” (Moira Weigel, quoted out of context). The left’s success here has been so great that almost the only people talking about neoliberalism these days are those trying to explain why they hate it.

Tiny Countries Should Not Exist

There is no good reason for tiny countries to exist, and we should stop making more of them.

The World Bank classifies 40 countries as 'small states' on the basis of having a population smaller than 1.5 million (though, oddly, this list excludes some rich tiny countries like Luxembourg and Estonia). Some are as small as 11,000 (Tuvalu), and the total population of all of them put together is only 20 million. Nevertheless, each of these countries has full 'sovereignty' - meaning that the organisations recognised as ruling over the populations within these territories have special and equal rights under international law: to exploit the resources that fall within their exclusive economic zone, for example, or to vote on matters of global importance at the United Nations, or to make up their own regulations about corporate taxation and secrecy.

This is absurd, but also far from harmless.

Billionaires Are Not As Rich As We And They Like To Pretend

The Scrooge McDuck model of obscene wealth, as propagated by inequality activists 

There are supposedly more than 2,500 billionaires in the world these days. While I certainly agree that these people are very very rich, it is important to be clear that they are not as rich as the infographics put about by the likes of Oxfam imply. The wealth of billionaires is largely theoretical - an accounting construction built upon generous assumptions rather than a literal pile of money. It would be more accurate to simply call them the super rich.

Americans Are Not As Poor As They Think They Are

One of the peculiar side-effects of America's hegemonic dominance of global news, social media, and entertainment media is that the rest of the world is over-exposed to what Americans think of themselves. That includes their strange - and actually disturbingly narcissistic - belief that they invented slavery and racism. But also other silly ideas, such as that most Americans these days are poor, and literally cannot survive on what they earn. 

No, Poor Countries Shouldn't Try To Make Their Own Covid Vaccines

Source: UNDP

One of the impressive features of humanity's response to Covid was the development of successful vaccines within only 10 months, and the production and distribution of 12 billion doses around the world. One of the worst features was the inequality in the distribution of those vaccine doses.

As of June 2022, only 18% of people in low income countries have received at least one dose compared to a global average of 66% and an average of 72% in high income countries (Our World in Data/UNDP). 

Obviously this contrast looks very unjust. Many people in rich countries have now received a full course of vaccination and multiple booster shots, even if they aren't particularly vulnerable. They also benefit from access to large well-resourced medical systems and thus high survival rates even if they are unlucky enough to be infected. Covid vaccines are clearly not being distributed to where they would do the most good.

One response to this injustice has been to argue that Low Income countries should be enabled to manufacture their own vaccines. Unfortunately, this is one of those ideas that sound nice but don't stand up well to systematic scrutiny (see previously: ideas vs arguments).