Unlimited Quote Collections
Organize your favorite quotes without limits. Create themed collections for every occasion with Premium.
The one on the right concerned the shift from an older understanding of economic liberalism to what is now called "neoliberalism." Neoliberalism is n… - Francis Fukuyama
" "The one on the right concerned the shift from an older understanding of economic liberalism to what is now called "neoliberalism." Neoliberalism is not... a synonym for capitalism. I don't see how you can have any kind of modern economy without a market based economy. Neoliberalism took that basic insight and stretched it to an extreme seeking to deregulate, privatize and basically pull back the role of the state, which many neoliberals regarded as simply obstacles to individuals, to entrepreneurship, to economic growth, and as a result markets did their usual work. They produced a great deal of inequality, as... global corporations searched for very small cost advantages by moving jobs to low cost areas... [T]hey destabilized the global economy in certain important ways by deregulating the financial sector. As a result of the deregulation that occurred in the 1980s and 90s we had an escalating series of financial crises. In the sterling crisis, the Asian financial crisis, Argentina, Russia, and finally culminating in the big American subprime crisis in 2008. The... cumulative effects of this instability were political and they were very serious because many ordinary people were hurt... a lot of people lost their homes, lost their jobs, and the elites that ran these big banks and financial institutions suffered only a momentary disruption in their incomes, and went on to continue to dominate their respective economies... [T]his had a direct impact on the rise of populism in subsequent years, both on the right and on the left.
English
Collect this quote
About Francis Fukuyama
Yoshihiro Francis Fukuyama (born October 27, 1952) is an American philosopher, political economist, and author best known for his 1992 book, The End of History and the Last Man.
Also Known As
Birth Name:
Yoshihiro Francis Fukuyama
Alternative Names:
Francis Yoshihiro Fukuyama
•
Fukuyama
Related quotes. More quotes will automatically load as you scroll down, or you can use the load more buttons.
Additional quotes by Francis Fukuyama
[I]dentity is something that is universally desired by people. In a liberal society... people can associate based on... identity affiliations... and that they're free to do so... [T]he danger... resides when the state begins to endorse identity categories as... fixed... and then to distribute resources or... access to institutions on the basis of those... That's the point at which... you risk... hardening these notions of identity into self-regarding groups that are living next to each other... In the UK you get state supported religious schools... for Jews, for Muslims, for... other faiths. People should be free in a liberal society to set up private schools... to bring up people in a religious tradition. I don't... see why the state ought to be supporting that, because what you don't want to do is to have... young people educated in closed communities where they have nothing to do with people from other communities. ...[T]hat's fundamentally illiberal... [T]hat's... a mistaken policy that's... going to harden those divisions rather than to encourage a more... open and tolerant society.
Liberal values like tolerance and individual freedom are prized most intensely when they are denied: People who live in brutal dictatorships want the simple freedom to speak, associate, and worship as they choose. But over time life in a liberal society comes to be taken for granted and its sense of shared community seems thin.
[L]iberalism has been very severely threatened in recent years. It's been threatened from a number of sources. So internationally you have two great powers, Russia and China, that are definitely not liberal polities, that have expansive ambitions... [A]s Vladimir Putin said... in an iterview with the FT in 2019 "Liberalism is an obsolete doctrine." But the threat... also comes from other places. ...[Y]ou have the rise of a populist nationalist right in many countries. This is Viktor Orbán in Hungary. This is Narendra Modi in India, Donald Trump in the United States, ...Marine Le Pen in France. All of them criticizing liberalism precisely for the tolerance that it permits and tries to deal with, in diverse and increasingly ethnically and racially diverse countries.
Loading...