Funding the Future Neoliberalism is dying: what's next?
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Jan 25, 2026 A wide-ranging look at how a decades-long market-first ideology was built and why it is unraveling now. The conversation traces intellectual origins, the rise of rent extraction and tax havens, and how subscription models and financialisation warped markets. It ends by weighing whether the next era will prioritize care and democratic renewal or slide into authoritarian, extractive politics.
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Origins: Mont Pelerin And The Long Game
- Hayek and Friedman organised their ideas after WWII and formed the Mont Pelerin Society to oppose the post-war consensus.
- Murphy recounts this origin story to show neoliberalism was intentionally built and promoted over decades.
Marketing Neoliberalism To The Wealthy
- Neoliberal ideas appealed to the wealthy by offering moral cover for selfishness and by reframing public provision as weakness.
- Murphy says this marketing normalised contempt for collective provision and made wealth look like merit.
Tax Havens As Institutional Weapons
- Tax havens were used as an institutional weapon to undermine democratic fiscal capacity.
- Murphy highlights his decade of work exposing tax havens as deliberate tools to reduce fair taxation and reward extraction.