October 11, 2025 • 12 mins
Author Renaldo provides an update on Neoliberalism Book 2.
Renaldo is Author of the Neoliberalism book series. The first was published in 2021 - Neoliberalism, Globalization, Income Inequality, Poverty and Resistance, available on Amazon, Barnes and Noble, IngramSpark etc. and via The Neoliberal Book Store.
Visit us https://theneoliberal.com and renaldocmckenzie.com
Subscribe on any stream. Find yours at https://anchor.fm/theneoliberal
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:01):
Hi, I'm Ronaldo Mackenzie, the author of the Neoliberalism book
series and the author of Neoliberalism Book 1 and
Neoliberalism Book 2. The upcoming book in the
neoliberalism book series entitled Neoliberal
Globalization. We consider Neo Capitalism and
(00:22):
the Death of nations and we are tweaking the title a bit.
It's going to be entitled Neoliberal Globalization.
We considered unfair competitionand the death of nations because
unfair competition is not a characteristic or only of
capitalism or what we now call neo capitalism, but it is also a
(00:46):
characteristic of other forms ofof economic forms.
Since we're talking about Marxism or sorry, pseudo
communism, pseudo communism, which is a false form of Marxism
or what Karl Marx had intended in his utopic society.
(01:10):
But in today's episode of the New Liberal Podcast, I want to
share with you an important concept and an important excerpt
of the book that speaks to present realities of the present
day realities in the Caribbean and the world as it relates to
(01:31):
the issue of unfair competition and how this competitive drive
has come to impede post independent countries of the
global self. In this book I write that Guyana
found oil a few years ago and many in the Caribbean had hoped
(01:53):
that this would change the economic trajectory of Guyana,
but it has not. Guyana only gets back about 12%
after paying all U.S. companies 78% for the cost of getting the
crude oil. Now, recently, Jamaica found
oil. The question is, will this
(02:16):
opportunity also mirror Jamaica's experience of bauxite
in 1957 when they hoped it wouldsecure a strong and competitive
economy, but ended up paying more than they received for the
resource? Will it mirror what Guyana is
experiencing today in my upcoming book, Near Liberalism,
(02:36):
Book 2. Near Liberal.
Globalization Reconsidered. Unfair Competition and the Death
of Nations. I explore the complexities of
global resource economies and how they shape the fortunes of
smaller nations, particularly those in the Caribbean.
One striking example is Guyana, a country that found oil a few
(02:58):
years ago, which I'm here repeating myself.
But this discovery ignited hope throughout the region that
Guyana's economic trajectory would shift dramatically,
propelling it toward prosperity.Many believe that oil wealth
would be a game changer, drivingdevelopment, reducing poverty,
(03:22):
and creating opportunities for local citizens.
However, the reality has been sobering.
Despite its oil wealth, Guyana faces a situation where the
benefits of the resource largelyflow out of the country.
(03:42):
Guyana retains a mere 12% of therevenue and with 78% going to
U.S. companies to cover extraction and operational
costs. This raises questions about the
fairness of such agreements and whether this is another instance
of economic economic exploitation that mirrors
(04:04):
historical resource extractions in other Caribbean nations.
And also a continuation of post industrial countries enacting
policies that continue to deepenor to create and the the
fortunes or the misfortunes of of weaker nations.
(04:24):
We have seen the issue of debt created by structural
adjustment. But now we have moved beyond
structural adjustment and to to now because these countries are
weaker as they as we think aboutthe idea of these countries
becoming emerging economies, thefact that they are finding
resources, their inability, the fact and the many of these
(04:47):
countries lack the capital intensive and that kind of
capability. They are now relying on the post
industrial country who are taking advantage of them now.
Jamaica's experience with bauxite in 1957 is an
illustrative cautionary tale. At the time the discovery of
bauxite in 1957, the primary oreused to produce aluminium was
(05:13):
hailed as a potential economic saviour.
It was thought that this new found resource would allow
Jamaica to secure a competitive position in the global economy.
However, over time Jamaica founditself in a familiar bite.
The cost of the costs of extracting and processing the
(05:37):
resource, combined with in in inequitable revenue sharing
agreements, meant that the country ultimately paid more
than it received. Instead of reaping the full
benefits of its natural wealth, Jamaica was left grappling with
environmental degradation and aneconomy that remained dependent
(05:59):
on foreign powers. Of course, you can take a trip
to parts of Saint Elizabeth or Manchester.
You see what I'm talking about now.
With the recent discovery of oilin Jamaica, there is concern
that history may repeat itself. Will Jamaica's oil experience
mirror that of bauxite, where the nation had high hopes of
economic transformation but ended up with a resource
(06:21):
burdened by foreign exploitationand minimal returns?
The dynamics of global capitalism?
Will larger, more powerful countries and cooperation
dictate the terms of resource extraction?
Create an create an uneven playing field for nations like
(06:43):
it is an unfit competition, one where smaller nations are at the
mercy of multinational corporations that prioritize
profits over equitable partnerships.
As I discussed in my book, The Current Global Economic System
Driven by Neoliberal Principles often reinforces these
(07:04):
imbalances. Developing countries and black
and brown peoples are pressured into signing agreements or into
arrangements that favour foreigncompanies because they lack.
OK, let me change that. Let me say this again.
As I discussed in my book, current global economic system
(07:27):
driven by neoliberal principles often reinforces these
imbalances. Developing countries are
pressured into signing agreements that favour foreign
companies bargaining power of technological capacity to
exploit their own resources independently.
And this results in a system where nations with abundant
(07:48):
natural resources remain underdeveloped and economically
dependent despite their potential wealth.
And I'm going to say this. Many years ago I wrote an
article about science development as the key.
(08:08):
Competitiveness and developing some kind of advantage.
There has been no indication since 1999 to know that these
countries have really sunk theirteeth and taken advantage of the
opportunities that to be gained from investing in info and also
(08:29):
in growing their economies and their societies so that they can
have high machines and high countries to do the kind of
thing that they are respecting on opposing countries.
And that is part of the problem.And I said to you the Caribbean
as CARICOM, they have to be ableto come together to be able to
identify key players in the market and, and, and, and
(08:52):
countries where they can now engage in the kind of
technological investments where now they can rely on each other.
The challenge for countries likeGhana in Jamaica is to
reconsider the terms of engagement with foreign entities
and push for agreements that ensures A fairer distribution of
(09:13):
profits. This would require regional
corporation, stronger governanceand perhaps rethinking of the
neoliberal framework that has sofar dominated global trade and
resource extraction, which is part of the issue.
As these nations look forward tothe future, the question
(09:33):
remains, can they break free from the partners or the
patterns of the patent of the past?
Or will the discovery of oil follow the same path as bauxite,
a path marked by hope, exploitation and on properties
in a liberal globalization? Reconsider my my latest book is
co-authored by Professor Emeritus Doctor Martin
(09:55):
Oppenheimer and it will be available shortly via
store.thenewliberal.com or via OS Spark partners who will have
the right to distribute the bookglobally.
Name now new liberal globalization We considered is
book two of the new Liberalism book series.
Book 1 was released in 2021 and is available in all formats.
(10:17):
We're talking about hardback, paperback, e-book, and Audible
worldwide. And of course it's also
available at store.theneoliberal.com or you
can go to our Ingram Spark Partners where it's also
available. You can go to theneoliberal.com
as well, or it's all where you can find out some more
information because the the bookhas, we're no longer selling the
(10:38):
paperback for 4999. It's now going for 3999 and also
the hardcover book is no longer 54, but it's on sale until
October 31 for 4999. You can also access other, other
resources that we have. Our ad services is now in full
gear. Our writing and paper services,
(11:01):
our publishing services is also available here.
And we also we also offer web services and IT services.
Please call us here at the near Liberal at 445-260-9998 or you
can e-mail us at sales@theneoliberal.com or
info@theneoliberal.com. I'm going through me an e-mail
by going to ronaldocmckenzie@gmail.com.
(11:24):
Follow us on social media on Twitter.
When not the McKenzie or the neoliberal code Facebook,
Ronaldo dot McKenzie or the new liberation.
We are also at on LinkedIn at dot com and
minaldecimacainty.com. Subscribe for free to any of our
feeds, anchor dot FM slash the new liberal or our YouTube
(11:44):
channel, Ronaldo McKenzie. Please support us by linking to
anchor dot FM myliver separate.
Hi, I'm Ronaldo Mackenzie, the author of the Neoliberalism book
series and the author of Neoliberalism Book 1 and
Neoliberalism Book 2. The upcoming book in the
neoliberalism book series entitled Neoliberal
Globalization. We consider Neo Capitalism and
(00:22):
the Death of nations and we are tweaking the title a bit.
It's going to be entitled Neoliberal Globalization.
We considered unfair competitionand the death of nations because
unfair competition is not a characteristic or only of
capitalism or what we now call neo capitalism, but it is also a
(00:46):
characteristic of other forms ofof economic forms.
Since we're talking about Marxism or sorry, pseudo
communism, pseudo communism, which is a false form of Marxism
or what Karl Marx had intended in his utopic society.
(01:10):
But in today's episode of the New Liberal Podcast, I want to
share with you an important concept and an important excerpt
of the book that speaks to present realities of the present
day realities in the Caribbean and the world as it relates to
(01:31):
the issue of unfair competition and how this competitive drive
has come to impede post independent countries of the
global self. In this book I write that Guyana
found oil a few years ago and many in the Caribbean had hoped
(01:53):
that this would change the economic trajectory of Guyana,
but it has not. Guyana only gets back about 12%
after paying all U.S. companies 78% for the cost of getting the
crude oil. Now, recently, Jamaica found
oil. The question is, will this
(02:16):
opportunity also mirror Jamaica's experience of bauxite
in 1957 when they hoped it wouldsecure a strong and competitive
economy, but ended up paying more than they received for the
resource? Will it mirror what Guyana is
experiencing today in my upcoming book, Near Liberalism,
(02:36):
Book 2. Near Liberal.
Globalization Reconsidered. Unfair Competition and the Death
of Nations. I explore the complexities of
global resource economies and how they shape the fortunes of
smaller nations, particularly those in the Caribbean.
One striking example is Guyana, a country that found oil a few
(02:58):
years ago, which I'm here repeating myself.
But this discovery ignited hope throughout the region that
Guyana's economic trajectory would shift dramatically,
propelling it toward prosperity.Many believe that oil wealth
would be a game changer, drivingdevelopment, reducing poverty,
(03:22):
and creating opportunities for local citizens.
However, the reality has been sobering.
Despite its oil wealth, Guyana faces a situation where the
benefits of the resource largelyflow out of the country.
(03:42):
Guyana retains a mere 12% of therevenue and with 78% going to
U.S. companies to cover extraction and operational
costs. This raises questions about the
fairness of such agreements and whether this is another instance
of economic economic exploitation that mirrors
(04:04):
historical resource extractions in other Caribbean nations.
And also a continuation of post industrial countries enacting
policies that continue to deepenor to create and the the
fortunes or the misfortunes of of weaker nations.
(04:24):
We have seen the issue of debt created by structural
adjustment. But now we have moved beyond
structural adjustment and to to now because these countries are
weaker as they as we think aboutthe idea of these countries
becoming emerging economies, thefact that they are finding
resources, their inability, the fact and the many of these
(04:47):
countries lack the capital intensive and that kind of
capability. They are now relying on the post
industrial country who are taking advantage of them now.
Jamaica's experience with bauxite in 1957 is an
illustrative cautionary tale. At the time the discovery of
bauxite in 1957, the primary oreused to produce aluminium was
(05:13):
hailed as a potential economic saviour.
It was thought that this new found resource would allow
Jamaica to secure a competitive position in the global economy.
However, over time Jamaica founditself in a familiar bite.
The cost of the costs of extracting and processing the
(05:37):
resource, combined with in in inequitable revenue sharing
agreements, meant that the country ultimately paid more
than it received. Instead of reaping the full
benefits of its natural wealth, Jamaica was left grappling with
environmental degradation and aneconomy that remained dependent
(05:59):
on foreign powers. Of course, you can take a trip
to parts of Saint Elizabeth or Manchester.
You see what I'm talking about now.
With the recent discovery of oilin Jamaica, there is concern
that history may repeat itself. Will Jamaica's oil experience
mirror that of bauxite, where the nation had high hopes of
economic transformation but ended up with a resource
(06:21):
burdened by foreign exploitationand minimal returns?
The dynamics of global capitalism?
Will larger, more powerful countries and cooperation
dictate the terms of resource extraction?
Create an create an uneven playing field for nations like
(06:43):
it is an unfit competition, one where smaller nations are at the
mercy of multinational corporations that prioritize
profits over equitable partnerships.
As I discussed in my book, The Current Global Economic System
Driven by Neoliberal Principles often reinforces these
(07:04):
imbalances. Developing countries and black
and brown peoples are pressured into signing agreements or into
arrangements that favour foreigncompanies because they lack.
OK, let me change that. Let me say this again.
As I discussed in my book, current global economic system
(07:27):
driven by neoliberal principles often reinforces these
imbalances. Developing countries are
pressured into signing agreements that favour foreign
companies bargaining power of technological capacity to
exploit their own resources independently.
And this results in a system where nations with abundant
(07:48):
natural resources remain underdeveloped and economically
dependent despite their potential wealth.
And I'm going to say this. Many years ago I wrote an
article about science development as the key.
(08:08):
Competitiveness and developing some kind of advantage.
There has been no indication since 1999 to know that these
countries have really sunk theirteeth and taken advantage of the
opportunities that to be gained from investing in info and also
(08:29):
in growing their economies and their societies so that they can
have high machines and high countries to do the kind of
thing that they are respecting on opposing countries.
And that is part of the problem.And I said to you the Caribbean
as CARICOM, they have to be ableto come together to be able to
identify key players in the market and, and, and, and
(08:52):
countries where they can now engage in the kind of
technological investments where now they can rely on each other.
The challenge for countries likeGhana in Jamaica is to
reconsider the terms of engagement with foreign entities
and push for agreements that ensures A fairer distribution of
(09:13):
profits. This would require regional
corporation, stronger governanceand perhaps rethinking of the
neoliberal framework that has sofar dominated global trade and
resource extraction, which is part of the issue.
As these nations look forward tothe future, the question
(09:33):
remains, can they break free from the partners or the
patterns of the patent of the past?
Or will the discovery of oil follow the same path as bauxite,
a path marked by hope, exploitation and on properties
in a liberal globalization? Reconsider my my latest book is
co-authored by Professor Emeritus Doctor Martin
(09:55):
Oppenheimer and it will be available shortly via
store.thenewliberal.com or via OS Spark partners who will have
the right to distribute the bookglobally.
Name now new liberal globalization We considered is
book two of the new Liberalism book series.
Book 1 was released in 2021 and is available in all formats.
(10:17):
We're talking about hardback, paperback, e-book, and Audible
worldwide. And of course it's also
available at store.theneoliberal.com or you
can go to our Ingram Spark Partners where it's also
available. You can go to theneoliberal.com
as well, or it's all where you can find out some more
information because the the bookhas, we're no longer selling the
(10:38):
paperback for 4999. It's now going for 3999 and also
the hardcover book is no longer 54, but it's on sale until
October 31 for 4999. You can also access other, other
resources that we have. Our ad services is now in full
gear. Our writing and paper services,
(11:01):
our publishing services is also available here.
And we also we also offer web services and IT services.
Please call us here at the near Liberal at 445-260-9998 or you
can e-mail us at sales@theneoliberal.com or
info@theneoliberal.com. I'm going through me an e-mail
by going to ronaldocmckenzie@gmail.com.
(11:24):
Follow us on social media on Twitter.
When not the McKenzie or the neoliberal code Facebook,
Ronaldo dot McKenzie or the new liberation.
We are also at on LinkedIn at dot com and
minaldecimacainty.com. Subscribe for free to any of our
feeds, anchor dot FM slash the new liberal or our YouTube
(11:44):
channel, Ronaldo McKenzie. Please support us by linking to
anchor dot FM myliver separate.
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