Myth of ‘TINA’: Neoliberalism's Origins, Processes, Crises and Persistence in Contemporary World

This paper is a critique of Neoliberalism. The author provides incisive account of its origins and how it impacts the lives of people. Neoliberal advocates believe that the market is natural. It functions according to laws of nature and is therefore scientific. As it is dictated by natural laws, any human intervention amounts to a distortion of its efficient functioning, for humans are flawed. The key proponents of neoliberalism include governments, economists, international institutions, and non-state actors such as transnational corporations. Several eminent research institutes and think-tanks are also complicit in the spread of neoliberal policies across the globe. The paper discusses at length whether neoliberalism is relevant in contemporary world or we have no alternative but to stick to it as a single phenomenon.