4 ms·
People throw around that word "Neoliberalism" as if its meaning is self-evidently clear. The author cites three elements of it, only one of which (free market c
by lr4444lr 4y ago
People throw around that word "Neoliberalism" as if its meaning is self-evidently clear. The author cites three elements of it, only one of which (free market capitalism) I've seen consistently used, but that isn't even something that began in the era most commonly ascribed to the ascendency of this doctrine. Just what preceded "Neoliberalism" so that we can distinguish its full defining feature set?
- ClumsyPilot 4y agoIt is a defined economic term and has scientific papers detailing its inadequacy
- goatlover 4y agoAs opposed to some alternative economics which doesn't have inadequacies?
- noelsusman 4y agoSuch as? There are half a dozen definitions being used in this thread already, none of which really overlap with each other.
- luciusdomitius 4y agoBefore that was Classical Liberalism. At least in US and Western Europe. In Eastern Europe it was something officially called "Unimplemented Communism/Developed Socialism".
- School-Cotton 4y agoWhat is the main difference between classical liberalism and neoliberalism?
- AstralStorm 4y agoRegressive taxation and pro-corporate rather than pro-small business stance. Classical liberalism also is fine with public spending.
- bluetomcat 4y agoNeoliberalism is associated with the policies in the Western world during the 1980s, mostly under Thatcher and Reagan. The emphasis is on financial deregulation, globalisation and privatisation. Classical liberalism is rooted in 17th-century philosophy, best represented by John Locke and Adam Smith. The emphasis there is on individual economic freedom, natural property rights and limited government.
- lupire 4y agoNote that they aren't directly competing ideas. These philosophies aren't pure abstractions. Classical liberalism was crafted in a different historical context, in the era of monarchies and theoracies.
- pydry 4y agohttps://en.wikipedia.org/wiki/Washington_Consensus https://en.wikipedia.org/wiki/Washington_Consensus The 10 rules of the washington consensus essentially define the feature set of neoliberalism. Theres a little fuzziness on some items but it's crystal clear on 95%. E.g. Q: would a neoliberal advocate privatization of state enterprises? A: yes.