Neoliberalism is a hegemonic ideology covering all areas of life almost all over the world. Capitalism is a set of economic practices that is linked to neoliberalism. Globalisation, in turn, ensures that neoliberal capitalism reaches every country and builds interdependence. As deregulation and depoliticization progresses, democratic control of this social and economic system diminishes. This results in the degeneration of the system, increasing greed and maximising profts at all costs. The complications are compounded by climate change and the depletion of fossil fuel sources. However, there are concepts that can replace neoliberal capitalism. These include universal basic income, de-growth, a green ‚New Deal’ or a vision of a world without work.
