Neoliberalism, also neo-liberalism, is a term used to signify the late-20th century political reappearance of 19th-century ideas associated with free-market capitalism after it fell into decline following the Second World War. A prominent factor in the rise of conservative and right-libertarian organizations, political parties, and think tanks, and predominantly advocated by them, it is generally associated with policies of economic liberalization, including privatization, deregulation, globalization, free trade, monetarism, austerity, and reductions in government spending in order to increase the role of the private sector in the economy and society. The defining features of neoliberalism in both thought and practice have been the subject of substantial scholarly debate.
Antonio "Toni" Negri is an Italian Spinozistic-Marxist sociologist and political philosopher, best known for his co-authorship of Empire and secondarily for his work on Spinoza. Born in Padua, he became a political philosophy professor in his hometown university. Negri founded the Potere Operaio group in 1969 and was a leading member of Autonomia Operaia. As one of the most popular theorists of Autonomism, he has published hugely influential books urging "revolutionary consciousness".
The Third Way is a centrist political position that attempts to reconcile right-wing and left-wing politics by advocating a varying synthesis of centre-right economic policies with centre-left social policies. The Third Way was born from a re-evaluation of political policies within various centre to centre-left progressive movements in the 1980s in response to doubt regarding the economic viability of the state and the perceived overuse of economic interventionist policies that had previously been popularised by Keynesianism, but which at that time contrasted with the rise of popularity for neoliberalism and the New Right starting in the late 1970s and throughout the 1980s.
Post-Fordism is a term used to describe the growth of new production methods defined by flexible production, the individualisation of labour relations and fragmentation of markets into distinct segments, after the demise of Fordist production. It was widely advocated by French Marxist economists and American labour economists in the 1970s and 1980s. Definitions of the nature and scope of post-Fordism vary considerably and are a matter of debate among scholars.
Credit is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately, but promises either to repay or return those resources at a later date. The resources provided by the first party can be either property, fulfillment of promises, or performances. In other words, credit is a method of making reciprocity formal, legally enforceable, and extensible to a large group of unrelated people.
The Latin American debt crisis was a financial crisis that originated in the early 1980s, often known as La Década Perdida, when Latin American countries reached a point where their foreign debt exceeded their earning power, and they were not able to repay it.
Criticism of capitalism ranges from expressing disagreement with the principles of capitalism in its entirety to expressing disagreement with particular outcomes of capitalism.
Autonomism, also known as autonomist Marxism is an anti-capitalist left-wing political and social movement and theory. As a theoretical system, it first emerged in Italy in the 1960s from workerism. Later, post-Marxist and anarchist tendencies became significant after influence from the Situationists, the failure of Italian far-left movements in the 1970s, and the emergence of a number of important theorists including Antonio Negri, who had contributed to the 1969 founding of Potere Operaio as well as Mario Tronti, Paolo Virno and Franco "Bifo" Berardi.
Semiotext(e) is an independent publisher of critical theory, fiction, philosophy, art criticism, activist texts and non-fiction.
Affective labor is work carried out that is intended to produce or modify emotional experiences in people. This is in contrast to emotional labor, which is intended to produce or modify one's own emotional experiences. Coming out of Autonomist feminist critiques of marginalized and so-called "invisible" labor, it has been the focus of critical discussions by, e.g., Antonio Negri, Michael Hardt, Juan Martin Prada, and Michael Betancourt.
Debtors Anonymous (DA) is a twelve-step program for people who want to stop incurring unsecured debt. Collectively they attend more than 500 weekly meetings in fifteen countries, according to data released in 2011. Those who compulsively incur unsecured debt are said to be engaged in compulsive borrowing and are known as compulsive debtors.
Credit theories of money, also called debt theories of money, are monetary economic theories concerning the relationship between credit and money. Proponents of these theories, such as Alfred Mitchell-Innes, sometimes emphasize that money and credit/debt are the same thing, seen from different points of view. Proponents assert that the essential nature of money is credit (debt), at least in eras where money is not backed by a commodity such as gold. Two common strands of thought within these theories are the idea that money originated as a unit of account for debt, and the position that money creation involves the simultaneous creation of debt. Some proponents of credit theories of money argue that money is best understood as debt even in systems often understood as using commodity money. Others hold that money equates to credit only in a system based on fiat money, where they argue that all forms of money including cash can be considered as forms of credit money.
Sylvère Lotringer was a French-born literary critic and cultural theorist. Initially based in New York City, he later lived in Los Angeles and Baja California, Mexico. He is best known for synthesizing French theory with American literary, cultural and architectural avant-garde movements as founder of the journal Semiotext(e) and for his interpretations of theory in a 21st-century context. He is regarded as an influential interpreter of Jean Baudrillard's theories, among others.
Debt deflation is a theory that recessions and depressions are due to the overall level of debt rising in real value because of deflation, causing people to default on their consumer loans and mortgages. Bank assets fall because of the defaults and because the value of their collateral falls, leading to a surge in bank insolvencies, a reduction in lending and by extension, a reduction in spending.
Socialism for the rich and capitalism for the poor is a classical political-economic argument asserting that, in advanced capitalist societies, state policies assure that more resources flow to the rich than to the poor, for example in the form of transfer payments.
Paolo Virno is an Italian philosopher, semiologist and a figurehead for the Italian Marxist movement. Implicated in belonging to illegal social movements during the 1960s and 1970s, Virno was arrested and jailed in 1979, accused of belonging to the Red Brigades. He spent several years in prison before finally being acquitted, after which he organized the publication Luogo Comune in order to vocalize the political ideas he developed during his imprisonment. Virno currently teaches philosophy at the University of Rome.
Michael Hudson is an American economist, Professor of Economics at the University of Missouri–Kansas City and a researcher at the Levy Economics Institute at Bard College, former Wall Street analyst, political consultant, commentator and journalist. He is a contributor to The Hudson Report, a weekly economic and financial news podcast produced by Left Out.
Franco "Bifo" Berardi is an Italian Marxist philosopher, theorist and activist in the autonomist tradition, whose work mainly focuses on the role of the media and information technology within post-industrial capitalism. Berardi has written over two dozen published books, as well as a number of essays and speeches.
Tiziana Terranova is an Italian theorist and activist whose work focuses on the effects of information technology on society through concepts such as digital labor and commons. Terranova has published the monograph Network Culture. Politics for the Information Age, as well as a more extensive number of essays and speeches, and appeared as a keynote speaker in several conferences. She lectures on the digital media cultures and politics in the Department of Human and Social Sciences, at the University of Naples, 'L'Orientale'.
Immaterial labor is a Marxist framework to describe how value is produced from affective and cognitive activities, which, in various ways, are commodified in capitalist economies. The concept of immaterial labor was coined by Italian sociologist and philosopher Maurizio Lazzarato in his 1996 essay "Immaterial Labor", published as a contribution to Radical Thought in Italy and edited by Virno and Hardt. It was re-published in 1997 as: Lavoro immateriale. Forme di vita e produzione di soggettività.. Lazzarato was a participant in the Years of Lead (Italy) group as a student in Padua in the 1970s, and is a member of the editorial group of the journal Multitudes. Post-Marxist scholars including Franco Berardi, Antonio Negri, Michael Hardt, Judith Revel, and Paolo Virno, among others have also employed the concept.
