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Confronting Capitalism: Why Neoliberalism Won

Jacobin Radio

Jacobin

Socialism, History, News, Left, Jacobin, Alternative, Socialist, Politics

4.71.5K Ratings

🗓️ 5 November 2025

⏱️ 39 minutes

🧾️ Download transcript

Summary

Neoliberalism’s victory over Keynesianism wasn’t an intellectual revolution — it was a class offensive. Vivek Chibber unpacks how employers and political elites turned economic turmoil into an opportunity to reshape society on their terms.

The latest issue of Catalyst is out and you can subscribe for just $20 using the code CONFRONTINGCAPITALISM: https://catalyst-journal.com/subscribe/?code=CONFRONTINGCAPITALISM

Have a question for us? Write to us by email: [email protected]

Confronting Capitalism with Vivek Chibber is produced by Catalyst: A Journal of Theory and Strategy, and published by Jacobin. Music by Zonkey.

Transcript

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0:00.0

Welcome to Confronting Capitalism. I'm Melissa Nashek, and I'm here, as always, with Vivek Chibber, a professor of sociology at NYU

0:25.4

and the editor of Catalyst, a journal of theory and strategy.

0:30.1

Reminder before we get into the podcast, if you have any questions for Vivek or future suggestions

0:36.3

for topics, you can send us an email at

0:39.4

confronting.capitalism at jacobin.com so with that out of the way how are you doing today v

0:47.5

i'm doing good watching the leaves starting to turn a little bit and fall is always nice

0:53.0

i enjoy fall i thought you were going to mention the Browns. Just stop. When I deem it fit to mention the Browns, I will do so. But the game last week is not worth talking about. Eagles are looking good, I'm just saying. It's easy to be an Eagles fan. It means nothing. You know what? All eyes are on us. The weight of the world is on our shoulders.

1:11.0

Why don't we talk after the Eagles have not won a single divisional playoff game in 25 years or something, and then we'll talk.

1:17.5

Yeah, you're a champ for sticking with that.

1:21.4

So on to the reason we're really here, which is to talk once again about neoliberalism.

1:28.9

Neoliberalism in general is a pretty hot topic right now among researchers, and one of the

1:33.7

most common lenses is to focus on the role of ideas, theories, and thinkers in establishing

1:40.9

neoliberalism.

1:42.3

The last time we talked about this topic, you dispelled a lot of

1:47.2

common misconceptions about what it is and what it's not. One of the questions that we've gotten

1:54.2

a lot from listeners since doing that episode is where does neoliberalism come from?

2:00.2

Yeah, it's very topical on the left, and it is one of

2:03.2

the questions that came up a lot in the emails, but it's also important for the left, because

2:07.6

getting to the crux of this helps us understand where and how important changes in economic

2:14.5

regimes and models of accumulation come from. So I think both in deference to our

2:19.7

listeners, but also acknowledging the intrinsic importance of the subject, I think it's good

2:24.3

for us to get into it in some more depth. Yeah. And I think this will be interesting because it

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