ABSTRACT

Neoliberalism is a political philosophy and an ‘art of government’ that has become hegemonic within capitalist countries after the economic crisis of the mid-1970s and the consequent dismantling of economic and institutional relationships based on the Fordist-Keynesian mode of production and regulation. In the subsequent decade, the fall of the Soviet Union opened the way for the triumph of neoliberal capitalism in the alleged absence of viable alternatives. Neoliberal ideas, therefore, gained ground at a time of economic and geopolitical turmoil and change between the 1970s and the 1980s. The following two decades, then, have seen the expansion of the neoliberal project in both qualitative and quantitative terms: on the one hand, it has deeply restructured existing economic and institutional relations in capitalist societies; on the other hand, it has achieved an increasingly global reach at a time of advanced globalization.