In The Reactionary Mind, Corey Robin convincingly argues that a large part of what drives reactionaries is the desire to silence and repress (or, in academese: deny voice to) others, who they call or consider inferiors. This partly from a strong belief that their putative inferiors have no right to speak (or to be heard); partly because they fear loss of personal status if the latter are heard, or if they successfully organize themselves; and partly from a conviction that society can only function properly when everyone 'knows their place'. I found Robin's explanation intuitive, and it led me to wonder what the analogous desire and world-view were of those who the media refer to as 'the (center-)left' (called liberals in the US, liberal or social democrats elsewhere), given that the overwhelming majority of them in no way subscribe to the ('radical') egalitarianism, inclusiveness and pro-emancipatory solidarity that I consider see as central to 'leftism' (and generally to being human).
Both David Harvey and Noam Chomsky have already done a lot to analyze and explain the rise of neoliberalism. Both agree that it should primarily be understood as a political project, aimed at discouraging, and keeping 'ordinary' people from participating in politics, after the events of the 1960s.* But where Harvey's account of the start of the counterrevolution only includes the conservative response, Chomsky points out that elite liberals were just as disturbed by what they termed "an excess of democracy". He notes, describing the Trilateral Commission's The Crisis of Democracy:
This is a consensus view of the liberal internationalists and the three industrial democracies. They—in their consensus—they concluded that a major problem is what they called, their words, “the institutions responsible for the indoctrination of the young.” The schools, the universities, churches, they’re not doing their job. They’re not indoctrinating the young properly. The young have to be returned to passivity and obedience, and then democracy will be fine. That’s the left end.
Up until 2008, I had mostly been ignoring economics as an area of study, as the subject bored me, and I found the mindset too unpleasant. The 2008 financial crisis made me realize that was a mistake, as it made me realize that economic policy couldn't be left to experts. But where to start?
Because I figured I should avoid economics textbooks, I did the next-most responsible thing: I started reading the serious and specialist media, paying particular attention to what the critics I found there had to say. Most of their explanations struck me as unconvincing, though, as they said little about the role played by elite fraud and grifting, even though it was perfectly obvious that the run-up as well as the "rescue" were wildly profitable to the already-rich. And I'd already noticed that the media carefully avoided talking about the blatant grifting that was going on in the context of the invasion and "rebuilding" of Iraq and Afghanistan. So I broadened my search, and encountered Naked Capitalism, and shortly after that David Harvey's work.