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> it quickly took on negative connotations and was employed principally by critics of market reform and laissez-faire capitalism - from the Wikipedia article y
by andrewjl 6y ago
> it quickly took on negative connotations and was employed principally by critics of market reform and laissez-faire capitalism - from the Wikipedia article you linked
"Capitalism when it does something I don't like" isn't a definition. If you want to criticize laissez-faire capitalism then use the proper term for it, not some squishy, mysterious neologism. Unfortunately when that happens, this becomes a discussion on comparative political economy. Those these critics tend to lose on the merits. Hence they insist on the mystification.
- ClumsyPilot 6y agoNeiliberalism is a proper economic term, used and defined by real economists, and Ha-Joon Chang im particular, in his book "Economics, the User's Guide". If you read it, you might stop criticising other people for things you don't know. You will also find out that neoliberal policies have delivered quite poor ecobomic results conpared to kenzian and shumpeterian alternatives