A Mini-Dictionary of Neoliberalism?
Richard Parker coined the word “neglectorate” to describe the public’s alienation from the current dysfunctional political system. Now that economists have, for the most part relegated John Maynard Keynes to the dustbin of history, the term Dickenysian seems to be appropriate for the present conditions, which are becoming increasingly similar to Charles Dickens’ portrayal of the world he lived in. The power of the bond market in imposing its will on supposedly independent states, suggests that bondage may be appropriate for expressing the power of capital. Finally, we could describe the current economic system as Crapitalism, which treats ordinary people as crap.