Neoliberal Theory as a Source of Orientation
This chapter substantiates the author’s interpretation of the neoliberal theory of political legitimacy through a reconstruction of the views of Friedrich Hayek and Milton Friedman, whose works were key to popularizing neoliberalism and its attendant orientation. The task for those who want to resist neoliberalism is to provide people in such circumstances with another way of attending to their situation. Neoliberal theory divides the world up into the economic realm of freedom and the political realm of coercion, but in order to get people to see the world this way, it relies on the techniques of power that Michel Foucault dubbed “governmentality,” which escape this neat dichotomy. Neoliberalism’s tacit acknowledgment of its reliance on these forms of power, which preserve freedom of choice but nevertheless reliably guide people to particular perceptions and actions, lays the groundwork for an emancipatory reorientation that recognizes the political nature inherent to the economic realm.