Readings for June 2nd

• Ch. 2: "The Construction of Consent" in David Harvey's A Brief History of Neoliberalism

• Sections 1-3 in Lorner Goldner's "The Biggest October Surprise of Them All"

The selection from A Brief History of Neoliberalism is available here on Google books. If you want to print, download this scanned version. Lorner Goldner's piece is here and the sections are clearly marked. You can also download an easy-to-print pdf.

Notes

Neoliberalism: The What?s and How?s

• Labor lost a lot of power
• Corporations moved to US south and overseas
• Threatened workers w plant closures
• opening of china
• 'United Capitalist Front' (competition can wait until after neoliberalism is implemented)
• Elite's class conciousness
• New York Fiscal Crisis
• Increasing profitability and power of finance
• 1973 coup in Chile
• Increasing millitary spending
• Neoliberalism vs. neoconservatism--what's the difference?
• Corporations give money to campaigns and increase political power
• TO LOOK INTO: 1971 end of gold standard
• Lowers price of dollars, makes US exports cheaper and devalues dollar-denominated loans
• OPEC Price Shock 1973
• Saudis / OPEC start recycling petrodollars to US investors who invest in foreign markets
• Individualism/Rebellion --> fodder for capitalist marketing strategies (Harvey)
• Dynamic/adaptive capitalism
• People adapting too
• Corporate liquidity/debt? What does it mean?