Tag: A Case Study

Conservatives, neoliberalism and the projection of greed

why the people who run the world think everyone is else is also avaricious, just like themselves.
THE JUSTIFICATION FOR GREED

The people who run the world mostly call themselves conservatives, but are really radicals of the most rapacious kind. They have built up a vast armoury of dogma to justify their sociopathic level of greed.

As economist John Kenneth Galbraith wrote:

‘The modern conservative is engaged in one of man’s oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.’

Neoclassical economics and its ideological offshoot, neoliberalism, provide the bedrock of this dogma.

It provides, indeed, one of the fundamental assumptions of modern economics: “rational self-interest”, or “market theory”. It is the theory that everyone always works to maximise their self-interest — to do otherwise would be “irrational”.

via Conservatives, neoliberalism and the projection of greed