And how long did neoliberalism last? From the early 1980s to 2008 in its entirety? A quarter century or 25 odd years only? With the peak of "end of history" neoliberalism not even lasting a single decade, from December 1991 to September 2001.
Was all the death and destruction that enabled such a system to exist even worth it? Even from the cynical point of view of capital, this seems like an abject failure.
We are still in neoliberalism, though it is waning, aren't we? If it ended, I think it was probably only circa the invasion of Ukraine, which could be taken as a marker for Russia asserting itself as a world power again and violating unipolarity.
In any case, of course the answer to your question is that it was never worth it to us, but always worth it to the rich.
We are at the stage (and have been in it since 2008) in which the old school imperial powers are trying to restore the order of neoliberalism, but are increasingly failing to do so. The invasion of Ukraine has just made that even more apparent than it was before. The bank bailouts of 2008 didn't do much to restore order, sanctions against Russia and China are proving increasingly ineffective, and austerity politics are not steadying the ship as they did in the past. It is impossible to go back now.
And how long did neoliberalism last? From the early 1980s to 2008 in its entirety? A quarter century or 25 odd years only? With the peak of "end of history" neoliberalism not even lasting a single decade, from December 1991 to September 2001.
Was all the death and destruction that enabled such a system to exist even worth it? Even from the cynical point of view of capital, this seems like an abject failure.
We are still in neoliberalism, though it is waning, aren't we? If it ended, I think it was probably only circa the invasion of Ukraine, which could be taken as a marker for Russia asserting itself as a world power again and violating unipolarity.
In any case, of course the answer to your question is that it was never worth it to us, but always worth it to the rich.
We are at the stage (and have been in it since 2008) in which the old school imperial powers are trying to restore the order of neoliberalism, but are increasingly failing to do so. The invasion of Ukraine has just made that even more apparent than it was before. The bank bailouts of 2008 didn't do much to restore order, sanctions against Russia and China are proving increasingly ineffective, and austerity politics are not steadying the ship as they did in the past. It is impossible to go back now.
This video explains it better than I can