This book compares the trajectories of states and societies in Africa, Asia and Latin America under neoliberalism, a time marked by serial economic crises, escalating social conflicts, the re-militarisation of North-South relations and the radicalisation of social and nationalist forces.

Sam Moyo and Paris Yeros bring together researchers and activists from the three continents to assess the state of national sovereignty and the challenges faced by popular movements today. They show that global integration has widened social and regional inequalities within countries, exacerbated ethnic, caste, and racial conflicts, and generally reduced the bureaucratic capacities of states to intervene in a defensive way. Moreover, inequalities between the countries of the South have also widened. These structural tensions have all contributed to several distinct political trajectories among states: from fracture and foreign occupation, to radicalisation and uncertain re-stabilisation.

This book re-draws the debate on the political economy of the contemporary South and provides students of international studies with an important collection of readings.

How indolent practices in Latinx LGBTQ culture challenge capitalist imperatives to be productive.

Revolting Indolence makes a case for laziness as an aesthetic-political strategy for countering the oppressive logics of cisheteronormative racial capitalism. Focusing on ways in which queer and trans Latinx people demonstrate the unwillingness of their participation in “productivist” ethics and allied respectability politics, Marcos Gonsalez argues that slacking off, lounging, daydreaming, and partying are liberatory practices—revolts that in turn are treated as revolting.

Gonsalez explores how queer and trans Latinx artists refute discourses in which work is a moral good. In Paris Is Burning, RuPaul's Drag Race, documentary photography of queer and trans Latinx life in Los Angeles, and other sources, Gonsalez identifies two lazy styles: first, flagrant refusals of work that critique capitalist reason; second, the invention of alternative aesthetic worlds beyond racial capitalism and violence targeting queer and trans people, whose rejection of the cisgender nuclear family paradigm is rightly seen as threatening the stability of a functioning capitalist system. Reclaiming laziness as a resource for radical imagining, Revolting Indolence asks us to do that which we want most and which capitalist exploitation can least tolerate: to slow down.

The financial and economic collapse that began in the United States in 2008 and spread to the rest of the world continues to burden the global economy. David Kotz, who was one of the few academic economists to predict it, argues that the ongoing economic crisis is not simply the aftermath of financial panic and an unusually severe recession but instead is a structural crisis of neoliberal, or free-market, capitalism. Consequently, continuing stagnation cannot be resolved by policy measures alone. It requires major institutional restructuring.

Kotz analyzes the reasons for the rise of free-market ideas, policies, and institutions beginning around 1980. He shows how the neoliberal capitalism that resulted was able to produce a series of long although tepid economic expansions, punctuated by relatively brief recessions, as well as a low rate of inflation. This created the impression of a “Great Moderation.” However, the very same factors that promoted long expansions and low inflation—growing inequality, an increasingly risk-seeking financial sector, and a series of large asset bubbles—were not only objectionable in themselves but also put the economy on an unsustainable trajectory. Kotz interprets the current push for austerity as an attempt to deepen and preserve neoliberal capitalism. However, both economic theory and history suggest that neither austerity measures nor other policy adjustments can bring another period of stable economic expansion. Kotz considers several possible directions of economic restructuring, concluding that significant economic change is likely in the years ahead.

What exactly is neoliberalism, and where did it come from? This volume attempts to answer these questions by exploring neoliberalism’s origins and growth as a political and economic movement.

Although modern neoliberalism was born at the “Colloque Walter Lippmann” in 1938, it only came into its own with the founding of the Mont Pèlerin Society, a partisan “thought collective,” in Vevey, Switzerland, in 1947. Its original membership was made up of transnational economists and intellectuals, including Friedrich Hayek, Milton Friedman, George Stigler, Karl Popper, Michael Polanyi, and Luigi Einaudi. From this small beginning, their ideas spread throughout the world, fostering, among other things, the political platforms of Margaret Thatcher and Ronald Reagan and the Washington Consensus.

The Road from Mont Pèlerin presents the key debates and conflicts that occurred among neoliberal scholars and their political and corporate allies regarding trade unions, development economics, antitrust policies, and the influence of philanthropy. The book captures the depth and complexity of the neoliberal “thought collective” while examining the numerous ways that neoliberal discourse has come to shape the global economy.

Although modern neoliberalism was born at the “Colloque Walter Lippmann” in 1938, it only came into its own with the founding of the Mont Pèlerin Society, a partisan “thought collective,” in Vevey, Switzerland, in 1947. Its original membership was made up of transnational economists and intellectuals, including Friedrich Hayek, Milton Friedman, George Stigler, Karl Popper, Michael Polanyi, and Luigi Einaudi. From this small beginning, their ideas spread throughout the world, fostering, among other things, the political platforms of Margaret Thatcher and Ronald Reagan and the Washington Consensus.

The Road from Mont Pèlerin presents the key debates and conflicts that occurred among neoliberal scholars and their political and corporate allies regarding trade unions, development economics, antitrust policies, and the influence of philanthropy. The book captures the depth and complexity of the neoliberal “thought collective” while examining the numerous ways that neoliberal discourse has come to shape the global economy.

“The Road from Mont Pèlerin is indispensable for anyone wishing to gain an understanding of neoliberalism, whether as an end in itself or as a means for constructing alternative, non-neoliberal futures.”
—Daniel Kinderman, Critical Policy Studies

“If you work on post-war history of economics, there is almost no reason not to read this book.”
—Ross B. Emmett, Journal of the History of Economic Thought