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Can someone eli5 what the term neoliberalism means?
by the_common_man 4y ago
Can someone eli5 what the term neoliberalism means?
- chrislo 4y agoSince the 1990s the term has been consistently used in academia to imply the move from welfare state to laissez faire economic management, particularly associated with the promotion of free market ideals in the late 1980s by Margaret Thatcher in the UK and Ronald Reagan in the US. https://simple.m.wikipedia.org/wiki/Neoliberalism https://simple.m.wikipedia.org/wiki/Neoliberalism
- baby 4y agoI personally still don’t understand what liberalism really means here. But neo means new
- simongray 4y agoAre you perhaps American...? In America, you use the word "liberalism" to mean "left-of-centre", while in the rest of the world the word "liberalism" refers to a specific centrist political ideology. Neoliberalism—at its core—is a term that comes from social science academia and refers to the post-WW2 trend of liberal ideological policies replacing e.g. traditional social democratic policies around the world. Related terms: free-market capitalism, Washington Consensus, Third Way.
- europeanguy 4y agoHave you tried wikipedia? https://en.wikipedia.org/wiki/Neoliberalism https://en.wikipedia.org/wiki/Neoliberalism > Neoliberalism (also neo-liberalism) is a term used to signify the late 20th century political reappearance of 19th-century ideas associated with free-market capitalism after it fell into decline following the Second World War.
- keewee7 4y agoIt's often negatively associated with Ronald Reagan and Margaret Thatcher but if you squint your eyes you will notice it's the economic principles followed by every North American and Western European country since the end of the 19th century.
- legitster 4y agoUnfortunately, this article does a 5th grade book report job of smooshing together keywords. In terms of how China accepts or rejects "neoliberalism", the term basically means free trade and lightly regulated public markets.
- orwin 4y agoIt's global liberalism, selling natural monopolies to private entities and letting monopolies/oligopolies squeeze the market and use their position to capture other market.
- deleted 4y ago[deleted]
- yucky 4y agoImagine back to the Comintern. It's that, without the feigned aversion to capital. More specifically though, it's globalization based on western (mostly US-centric) values.