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Neoliberalism is broadly defined as the extension of competitive markets into all areas of life, including the economy, politics and society. See Mont Pelerin
by auxbuss 7y ago
Neoliberalism is broadly defined as the extension of competitive markets into all areas of life, including the economy, politics and society.
See Mont Pelerin Society: https://en.wikipedia.org/wiki/Mont_Pelerin_Society https://en.wikipedia.org/wiki/Mont_Pelerin_Society
... and Friedrich Hayek, Frank Knight, Karl Popper, Ludwig von Mises, George Stigler, and Milton Friedman.
Implemented by Reagan and Thatcher.
Biases:
• The Market is efficient => give it free-reign
• The State is incompetent => remove it
• Trade is win-win => open borders
• Society => There is no such thing (see Thatcher)
• Finance is infallible => 2008?