Burim Mexhuani:The Cost of Neoliberalism: How Economic Policies Are Undermining Democracy
Release time: 2025-06-25
ABSTRACT
The relationship between neoliberalism and democracy has been a topic of debate among scholars for decades. Neoliberalism, an economic and political ideology emphasizing free markets, deregulation, and privatization, has gained global influence but has also been criticized for undermining liberal democratic institutions. In this article, I offer a critical perspective on the emergence of authoritarian neoliberalism and its impact on democratic governance in the twenty-first century. By examining the growing concentration of wealth and power in the age of global capitalism, the erosion of public trust in the state and other social institutions, and the privatization of essential services, it sheds light on the challenges posed by neoliberalism and the need for policies that rebalance economic and political power.
KEYWORDS: Authoritarian neoliberalism; corporations; social justice; democracy; economic models
From: Capitalism Nature Socialism 2025 36 (1)
Editor: Wang Yi