The term “neoliberalism” was sold, for decades, on the promise of growth, a sort of total political philosophy, extending a single, simple ideological tarpaulin so far and wide that it enclosed the earth like a rubbery blanket of greenhouse gas.
the forces that unleashed climate change — namely, “the unchecked wisdom of the market” — were nevertheless presented as the forces that would save the planet from its ravages. It is how “philanthrocapitalism”, which seeks profits alongside human benefits, has replaced the loss-leader model of moral philanthropy among the very rich; how the winners of our increasingly winner-take-all tournament economy use philanthropy to buttress their own status; how “effective altruism”, which measures even not-for-profit charity by metrics of return borrowed from finance, has transformed the culture of giving well beyond the billionaire class; and how the “moral economy”, a rhetorical wedge that once expressed a radical critique of capitalism, became the calling card of do-gooder capitalists like Bill Gates. It is also, on the other end of the pecking order, how struggling citizens are asked to be entrepreneurs, indeed to demonstrate their value as citizens with the hard work of entrepreneurship, in an exhausting social system defined above all else by relentless competition.


