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Neoliberalism is an accumulation strategy, a specific growth model that comes complete with its extra-economic preconditions. It is a return to the liberalism of the free market that was the reigning orthodoxy until the Great Depression, when the ideas of John Maynard Keynes and the policies of the welfare state were accepted by a weakened capitalist class to save the system from its then obvious failings and serf-destructive tendencies. Keynesianism, and the domestic agendas that accompanied it, were partly a reflection of the strength of the working class after the defeat of fascism. They reflected, as weft, the capitalist's need for collaborative class relations in the immediate post-Second World War period, during which many of the leading capitalist states were struggling to recover from wartime devastation. Globalization has undermined the strength of nation-based social formations, as permeable borders have been encouraged by transnational capital and international finance has set about reorganizing...

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