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Neoliberalism, the Left and the Rise of the Far Right

On the Political and Ideological Implications of Capitalism's Subordination of Democracy

Costas Panayotakis

Abstract

After analyzing the tension between capitalism and liberal democracy, this article explores two ways that the political left has tried to navigate this tension. Both these strategies prevent parties of the left and the center-left from exposing capitalism's undemocratic implications, while also helping to discredit political democracy. Unable to unify working people and ordinary citizens against the suffering that capitalism inflicts on them, the left inadvertently makes it possible for the far right to channel people's discontent in ways that attack liberal democracy and turn working people against each other. Last but not least, the discrediting of democracy that results from these processes gives rise to a vicious cycle by also encouraging the adoption of neoliberal policies, which further intensify the subordination of democratically elected governments to capitalist interests.