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Neoliberalism and Right-Wing Populism – A love story

journal contribution
posted on 2024-07-23, 10:36 authored by Imko Meyenburg

Neoliberalism and right-wing populism are central themes in contemporary political literature, with neoliberalism advocating for liberal capitalist institutions alongside limited democracy and a modest welfare state, while populism generally portrays society as a conflict between ‘the pure people’ and ‘the corrupt elite’. Some scholars view populism as a total rejection of neoliberalism’s policy failures, while others argue that populism still incorporates neoliberal free-market principles. This paper argues that neoliberalism and populism operate symbiotically, perpetuating themselves by manufacturing crises and marginalising alternative narratives. Drawing on Gramsci’s notion of hegemony, I argue that both ideologies construct and transform social reality through linguistic devices. I illustrate my argument with examples from the UK, focusing on immigration discourse. I contend that right-wing populism supports neoliberalism’s agnotological project by fostering doubt and controversy, while neoliberalism’s crises generate the emotional responses that populism exploits for support.

History

Refereed

  • Yes

Publication title

Journal of Economic Issues (JEI)

ISSN

0021-3624

Publisher

Taylor and Francis Group

File version

  • Accepted version

Item sub-type

Article

Affiliated with

  • School of Economics, Finance and Law Outputs