Neoliberalism and Its Hegemonic Crisis

The recent resurgence of exclusionary nationalism across the advanced capitalist world has caused historical scholarship on neoliberalism to reorient itself. Previous accounts of neoliberalism proved inadequate to theorize the hegemonic crisis that neoliberalism has been thrust into, prematurely rushing to declare neoliberalism dead. The task is to offer an interpretation of resurgent nationalism that can account for points of tension with hegemonic neoliberalism without underestimating the ways it lives on in the present. This essay critically reviews three books that offer distinct interpretations of neoliberalism’s enduring hegemonic crisis. If Melinda Cooper and Tehila Sasson’s respective works provide new critical perspectives on the history and present of neoliberal ideas, Jennifer Burns’s study offers an insider’s perspective on the pressures that neoliberalism is under from the nationalist right.