How Big Business and Neoliberalism Empower Populism and the Far-right
by T.J. Coles ✦ Review by David Lorimer, December 2017
In this meticulously researched book, the author investigates how big business and neoliberalism have empowered populism and the far right, in spite of their supporters failing to realise that the interests of powerful and rich are in fact being further served by their votes. For many years, business has lobbied government for favourable changes in legislation, but now some of these moguls are actually in Trump's cabinet. Far from clearing the swamp, he is in fact filling it up, giving posts to executives in Goldman Sachs who should probably be behind bars for swindling their customers. We can already see the results, especially in dismantling of environmental legislation and withdrawal from the Paris agreement. The book is in two parts, the first about the background in terms of the rise of neoliberalism and corresponding decline of the unions, then the emergence of the far right in both America and Europe, followed by the more recent billionaire populism of alt-right. The second part explains the 'Trump deception' in more detail.
Neoliberalism has driven deregulation of financial markets and privatisation of public resources, which has resulted in growing inequality, falling living standards and social cutbacks. This has naturally led to disillusion with mainstream politics, with different emphases depending on continent and country, but nevertheless correlated with the rise of the far right. As the author points out, the paradox is that these parties actually support the very policies that lead to voter impoverishment. A number of myths are exploded, for instance that Trump won (he lost the popular vote, like George W Bush in 2000), that he won the working class vote and that he is anti-establishment. A separate chapter is devoted to trade deals and tax reform, then another to foreign policy, dominated in the long term by US commitment to Full Spectrum Dominance in world affairs and driven by the CIA and the Pentagon (p. 135). The author concludes that President Trump is what happens when business replaces politics. He sounds a note of hope in his conclusion, having shown polls indicated that Bernie Sanders would have beaten Trump, by saying that we all have to become active in local politics, which itself has to be democratised – in other words, system change can only come from below.
Related to this book
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.