This is a world in which the neoliberal ethic of intense possessive individualism and financial opportunism has become the template for human personality socialisation. This is a world that has become increasingly characterised by a hedonistic culture of consumerist excess. It has destroyed the myth (though not the ideology) that the nuclear family is the solid sociological foundation for capitalism and embraces, however tardily and incompletely, multiculturalism, women’s rights and equality of sexual preference. The impact is increasing individualistic isolation, anxiety, short-termism and neurosis in the midst of one of the greatest material urban achievements ever constructed in human history.
D. Harvey 2010 – “The Enigma of Capital and the Crises of Capitalism”