Editing Neoliberalism (section)

=== Corporatocracy ===
{{main|Corporatocracy}}

{{quote box|Instead of citizens, it produces consumers. Instead of communities, it produces shopping malls. The net result is an atomized society of disengaged individuals who feel demoralized and socially powerless.
| source = —[[Robert W. McChesney]]{{sfnp|Chomsky|McChesney|2011|p=11}}
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Some organizations and economists argue that neoliberal policies increase the power of [[corporations]] and shift wealth to the [[upper class]]es.<ref name="RDWolff" /> For instance, [[Jamie Peck]] and Adam Tickell argue that urban citizens are increasingly deprived of the power to shape the basic conditions of daily life, which are instead shaped by corporations involved in the competitive economy.<ref name="Adam Tickell 2002">{{cite journal |first1=Jamie |last1=Peck |first2=Adam |last2=Tickell |title=Neoliberalizing space |journal=Antipode |volume=34 |date=2002 |issue=3 |pages=380–404|doi=10.1111/1467-8330.00247 |bibcode=2002Antip..34..380P |url=https://hal.archives-ouvertes.fr/hal-03142138/file/Bally_F.%20Transition%202020.pdf}}</ref>

The [[International Monetary Fund]] (IMF) and [[World Bank]], two major [[international organizations]] which often espouse neoliberal views,<ref>{{cite web |first=Rajesh |last=Makwana |title=Neoliberalism and Economic Globalization |website=STWR |date=November 26, 2006 |url=http://www.stwr.org/globalization/neoliberalism-and-economic-globalization.html |access-date=February 29, 2012 |archive-url=https://web.archive.org/web/20120627035959/http://www.stwr.org/globalization/neoliberalism-and-economic-globalization.html |archive-date=June 27, 2012}}</ref> have been criticized for advancing neoliberal policies around the world.<ref>{{cite magazine |url=http://www.salon.com/2016/05/31/wrong_all_along_neoliberal_imf_admits_neoliberalism_fuels_inequality_and_hurts_growth/ |title=Wrong all along: Neoliberal IMF admits neoliberalism fuels inequality and hurts growth |magazine=[[Salon (magazine)|Salon]] |date=May 31, 2016}}</ref><ref>{{cite news |first=Aditya |last=Chakrabortty |date=May 31, 2016 |title=You're witnessing the death of neoliberalism – from within |work=[[The Guardian]] |url=https://www.theguardian.com/commentisfree/2016/may/31/witnessing-death-neoliberalism-imf-economists}}</ref> Sheldon Richman, editor of the libertarian journal ''[[The Freeman]]'', argues that the IMF has imposed a "corporatist-flavored 'neoliberalism' on the troubled countries of the world."<ref>{{cite web |first=Sheldon |last=Richman |title=End the IMF: What Is It Good For? |website=The Freeman |date=May 20, 2011 |access-date=February 29, 2012 |url=http://www.thefreemanonline.org/columns/tgif/end-imf/ |archive-date=2011-05-23 |archive-url=https://web.archive.org/web/20110523095258/http://www.thefreemanonline.org/columns/tgif/end-imf/}}</ref> He contends that IMF policies of spending cuts and tax increases, as well as subjection to paternalistic supranational bureaucrats, have fostered "long-term dependency, perpetual indebtedness, moral hazard, and politicization" in the developing world, which has undermined "real market reform" and "set back the cause of genuine liberalism." Ramaa Vasudevan, associate professor of economics at Colorado State University, states that trade policies and treaties fostered by the United States in the neoliberal era, along with bailouts brokered by the World Bank and the IMF, have allowed corporate capital to expand around the world unimpeded by trade protections or national borders, "sucking countries in different regions of the world into global corporations' logic of accumulation." This expansion of global corporate capital, Vasudevan says, has buttressed its ability to "orchestrate a global division of labor most conducive to the demands of profitability" which in turn has facilitated "a brutal, global [[race to the bottom]]".<ref>{{cite journal |last=Vasudevan |first=Ramaa |date=2019 |title=The Global Class War |journal=Catalyst |volume=3 |issue=1 |pages=113, 129 |issn=2475-7365}}</ref>

Mark Arthur, a Senior Fellow at the Center for Global Development Research in Denmark, has written that the influence of neoliberalism has given rise to an "[[anti-corporatists|anti-corporatist]]" movement in opposition to it. This "anti-corporatist" movement is articulated around the need to reclaim the power that corporations and global institutions have stripped from governments. He says that [[Adam Smith]]'s "rules for mindful markets" served as a basis for the anti-corporate movement, "following government's failure to restrain corporations from hurting or disturbing the happiness of the neighbor [Smith]".<ref>{{cite book |title=Struggle and the Prospects for World Government |first=Mark |last=Arthur |publisher=[[Trafford Publishing]] |date=2003 |pages=70–71}}</ref>