COVID as the (Second) Death of Neoliberalism?

Many influential voices have pointed out, with different degrees of optimism, that the COVID-19 pandemic might finally have ushered in the final days of neoliberalism. However, if we understand neoliberalism as a set of practices and institutional mechanisms that shield market relations from popular deliberation, we reach a different conclusion. In these terms, neoliberalism is not dying. If emergency measures are aimed more at safeguarding the profits of banks and large corporations than securing wages and welfare programmes, then this crisis is in fact an opportunity to increase wealth inequality, and not to address it as a problem.

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What does authoritarianism mean in times of coronavirus?

In late April, the International Foundation for Freedom, headed by Peruvian Literature Nobel Prize winner Mario Vargas Llosa, issued a statement warning against the rise of authoritarianism in Latin America due to the coronavirus pandemic. Among the signatories were well-known defenders of neoliberal ideas in Latin America and Spain, such as Vargas Llosa himself and the former presidents Mauricio Macri (Argentina), José María Aznar (Spain), and Alvaro Uribe (Colombia). The statement expressed concern “about the measures taken in some countries that have indefinitely restricted basic freedoms and rights” in the name of the combatting the virus.

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