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This is an updated edition which takes account of changes in New Zealand’s political life. It offers commentary and information on current affairs, as well as alternative models that attempt to integrate both economic and social outcomes.

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The vision of a global future spread through the world like wildfire in the last decade – exhilarating for some, alarming for others, apparently inexorable for all. As free-market advocates would have it, “there is no alternative?”

“Reclaiming the Future” tells a different story – that globalization is not inevitable, invincible or intrinsically good. The deregulated global economy has proved highly unstable. The pursuit of unending growth is unsustainable, and the social damage that free markets cause is provoking an international backlash.

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Stephen Collie: “The FIRE economy – built on finance, insurance and real estate – is now the world’s principal source of wealth creation”. Its rise has transformed our political, economic and social landscapes, supported by a neoliberal regime that celebrates markets, profit and risk. From rising inequality and ballooning household debt to a global financial crisis and fiscal austerity, the neoliberal ‘orthodoxy’ has brought instability and empowered the few. Yet it remains remarkably resilient, even resurgent, in New Zealand and abroad.

In 1995 Jane Kelsey set out a groundbreaking account of the neoliberal revolution in The New Zealand Experiment. Now she marshals an exceptional range of evidence to show how this transfer of wealth and power has been systematically embedded over three decades.

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