Kathleen Lynch

Care and Capitalism


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Neoliberal Capitalism, Inequality and Care

      Neoliberal capitalism is also institutionally hegemonic in the politics and economy of global life. It has been embedded and legitimated through the diffusion and enforcement of its principles in debtor countries in South America (Kentikelenis and Babb 2019), and more recently, with the support of the European Central Bank and the European Commission, within Europe (Kalaitzake 2017; Storey 2019). While the scope, scale and form of inequality arising from capitalism vary over time and with the politics of particular jurisdictions (Hall and Soskice 2001; Streeck 2016), since the 1980s advanced capitalist economies have, to a greater or lesser degree, been reorganized to reflect a distinctly neoliberal and deeply inegalitarian-led model of socio-economic (re-)production. Social class polarizations have grown, with income inequality increasing rapidly in North America, China, India and Russia since 1980, and growing moderately in Europe also during that period (Alvaredo, Chancel, Pikettty, Saez and Zucman 2018). The rise of wealth and income concentration at the top of so many national economies takes ‘oligarchic’ forms with high concentrations of wealth in family networks. The rich have become so rich that they perceive the fate of themselves and their families ‘to be independent of the fate of the societies where they extract their wealth’ (Streeck 2016: 28–9).

      Upper-class detachment is paralleled by the rise of middle-class and working-class insecurities in a precarious working environment in Western democracies (Standing 2011). Fear of losing class privileges and related securities is heightened with the rise of precarious work among the previously secure middle classes (Mau 2015). The detachment of the super-rich and the exacerbation of middle-class insecurities have created a strong bulwark against promoting solidarity and care within welfare states in Europe (Frericks 2010).

      These dispositions are exacerbated in neoliberal politics as it is built on the essentialist assumption that human beings are primarily possessive and instrumentally rational individuals, who, while capable of being altruistic, work primarily in ways that are in accordance with their own self-interests (Friedman 2002). To channel this self-interest into politically valuable forms, individuals and institutions must be free from constraints; deregulation, privatization and competition are the guiding organizational norms of the neoliberalized economy and of social and economic life (Harvey 2005: 64–70). Neoliberalism is not only an analytical model, therefore: it is also a normative framework; it prescribes who you should be and how you should be. And it is a political-economic model that demands the state facilitate, implement and enforce free market economics and logics regionally and globally, and across all types of institutions and organizations (Leyva 2019). Neoliberalism does not abandon the state but enlists it to serve its own logic and purposes in a way that is increasingly welfare-indifferent (Korpi 2003; Frericks 2011; Gingrich and Häusermann 2015; Mau 2015).7

      Though disregard for the needs and sufferings of others is not the preserve of capitalism, it is strongly associated with it as a political-economic system, not least because the making of profit at the expense of others and of nature requires a cheapening and abusing of life in all its forms, especially given the finiteness of humans’ and nature’s resources (Patel and Moore 2018). When all that counts is what is countable in monetary terms, human relations become care-less.

      The everyday activities of properly functioning capitalism do not produce forms of concern that lead to a sense of responsibility to others. People are constructed as interchangeable within capitalist logic and, as such, individually dispensable; fashioned as units of human capital, they are instrumentalized, habitually formed and re-formed in the service of the market and thereby distanced from others (Ferrarese 2017a). There is a coldness towards the needy other that is endemic to the logic of capitalism (MacDonald 2011).

      While undermining care ethics is not unique to capitalism, it does take distinct forms under neoliberal capitalism: as the latter is globalized, and increasingly unregulated, it can be more predatory in character, exploiting and exacerbating crises in pursuit of profit in ways that are deeply harmful (Jessop 2019). Even in theory, profit-making is no longer regulated by the self-discipline and responsible stewardship that Weber (1930) regarded as the hallmarks of capitalism in the nineteenth and early twentieth century. Rather, the rational pursuit of self-interest is regarded as having a high moral purpose (Rand and Branden 1964).

      As Weber (1930) and,