ABSTRACT
Based on a review of the critical literature, the article provides readers with an overview of neoliberalism’s main dimensions. In this sense, it furnishes an accessible conceptual foundation for a number of the articles in the themed issue. It is suggested that those seeking to comprehend neoliberalism should take into account six intermeshed facets: the overturning of ‘embedded liberalism’; the re-configuration of the state in order to better serve the interests of capital; new patterns of income and wealth distribution to benefit the rich and super-rich; insecurity and precariousness; the rise in mass incarceration; a strategic pragmatism. The article briefly dwells on the capitalist crisis which began in 2007 and goes on to suggest that we may be witnessing the emergence of what is termed ‘rhetorically recalibrated neoliberalism’ (RRN).
