At the peak of the so-called great success of neoliberal…
“At the peak of the so-called great success of neoliberal economics, in 2007, right before the crash, non-supervisory workers were at wages considerably lower than in 1979, when the neoliberal assault was taking off. That perfectly naturally causes resentment and fear, and combines with a tendency to blame the most vulnerable.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Neoliberalism’s peak wages fell, causing resentment and scapegoating of vulnerable groups.
In simple terms: Neoliberalism lowered wages, sparking resentment.
Key Takeaway
Address wage inequality and social scapegoating.
Themes
economics
neoliberalism
inequality
social resentment
political scapegoating
Mood
critical
analytical
Type
political
economic
When to use this quote
- policy reform
- union organizing
- public education
- media analysis
Key Concepts
labor theory
political economy
social justice
Questions to Reflect On
- What policies can raise low wages?
- How can we reduce scapegoating of the vulnerable?
A Different Perspective
Economic growth can coexist with equitable wages.