Neoliberalism | It's about people, stupid…

On the 4th of November I had a lecture on Neoliberalism, a term that I have a rough grasp as to its meaning as we all live in a neoliberal world in most of the northern hemisphere, this is the present ‘normative common sense’ of our economy and social individualistic aspirations.

A really great and thorough lecture with angles that i had not seen before and thus consequences.

Knowing how well researched and read Anna Minton is it was rather depressing to hear her admit that to a point that the concepts of the ‘reclaiming the commons’ had fizzled out. Yet as Mark ( PhD student attending the class who is working on voluntary housing schemes) commented there are projects on the go in the country, but had to admit the enthusiasm of the recent past has declined.
Bumped into a paper this morning reinforcing this depressing reality (see further below for an abstract);

https://www.academia.edu/24685147/The_Rise_and_Fall_of_Social_Capital_Requiem_for_a_Theory?email_work_card=view-paper

Blair’s ‘Third Way and Cameron’s ‘Big Society’ both tried (and failed) to tap into our former natural egalitarian sense of societal values (Henrich 2021) that are a disconnect from the baseline of Neoliberal thought, that as Hayek would say that at our core we are all ‘self seeking’ and therefore the only real value is monetary and thus we all should work and accept this value, and the invisible hand of the market will solve all our woes if we just give it time (recently completely dismantled by ‘trussanomiocs’).

The reason the Big Society almost instantly failed was that it’s such a contradiction to the common sense that we the public had been taught/indoctrinated for the past 40 years (1979-2010), namely; ‘there is no such thing as society’ every man woman and child for themselves, along with the suspicion we were being taken for fools, expected to work for nothing to support the bottom end of society whist the wealthy yet again ,’run off with the money’. A London East End term would be, to be ‘Mugged off’.

This is the classic ‘all actions have a reaction’ reality, you prime a population to become hyper individualistic, to follow ‘their ‘ dreams, add to the mix ‘positivity’ ie, you can do this! with a sprinkling of status aspiration and boosterism ( no negativity even with obvious failures, think Boris Johnson former PM who promoted Brexit for his own gain and could never understand the criticism as to why it failed, and it has ref -4% growth compared with those in the EU) and you have a citizen that relies on ‘feelings’ more than reality. Perfect politician and media fodder for manipulation and denial of uncomfortable facts ( ie Michael Gove; ‘we no longer need experts’).

The term from an academic perspective is ‘social capital theory’, where we take what we have to offer as individuals with others and collectively do something for the benefit of society/community and not necessarily for monetary profit, ie ‘the big society’.

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(Note many thanks for the images from Mick Lemmerman’s blog; The Isle of dogs – past life, past lives)

Two examples of people movement on the Isle of Dogs;
Sideways and Vertical.

When putting together a presentation concerning a brief history of the Isle of Dogs in the Eastend of London, I stumbled on a 2nd less well known influx during the 1960’s, also promoted by a centralised organisation, but far more inclusive than the later corporate organisation foisted upon the community in 1981, namely The London Docklands Development Corporation (LDDC).

The former was the London County Council (LCC) (later to become the GLC) which derived from the post war housing consensus and in particular the 1947 housing act.

So as with all things, looking a little more deeply into the policy of a pre LDDC government select committee, comments within the paper questioning the new law to be presented to parliament. As with many acts of parliament is has to go through various cross parliamentary committees to scrutinise a controversial bill. This bill was no exception born out a new ideology of Free Market Neoliberal Capitalism as promoted by the Thatcher Government of 1979, from the theories of Friedrich Hayek and Milton Friedman (and the rest of what was known as the ‘Austrian School’).

“This was the first real opportunity to enact the low regulation ring fenced policy centrally governed via unelected quangos on a large scale”.

To say this was a 180 degree shift from the previous economic and social ideology would be no exaggeration. This is born out in the two shifts in the islands population, the first in the 1960’s which I will call a horizontal shift of people, so not strictly Gentrification in the Ruth Glass terminology of the 1960’s and the present day, and a 2nd more seemingly effective solution in the context of monetary value to the area, but not necessarily for the original local population.

Both influxes have problems.