Author: M Barbu

“Neoliberalism” has been a hot topic for a few decades, but by now the word is sloppily used often enough that many claim that the word has become meaningless. However, it doesn’t work that way. The word neoliberalism has a definite meaning, even if it can be a tricky one, and it does not lose that meaning just because it is frequently misused. And it’s a necessary word that is critical to understanding the world we live in and the future we’re likely to see if something is not done to keep it from happening.

On Wednesday, thousands of Salvadorans celebrated the 200th anniversary of the country’s independence by marching in protest against President Nayib Bukele’s administration. President Bukele’s decision to make Bitcoin an officially recognized currency in El Salvador succeeded in getting a lot of attention. And that was precisely the point. The boldness of the plan, its bungled rollout, and its embrace of “the new” no matter the predictable disruptions associated with insisting that Bitcoin be widely accepted as legal tender, meant that some of the attention that should have been paid to Bukele’s anti-democratic efforts was diverted. Bukele is playing a massive game of wag the dog, but instead of doing so with a foreign invasion, his administration is doing the same through its strategic embrace of Bitcoin.

The costs and consequences of America’s twenty-first-century wars have by now been well-documented — a staggering $8 trillion in expenditures and more than 380,000 civilian deaths, as calculated by Brown University’s Costs of War project. The question of who has benefited most from such an orgy of military spending has, unfortunately, received far less attention.