The term "neoliberalism" is used to describe a variety of movements away from state control or protection of the economy and toward corporate control of the market, particularly beginning in the 1970s.
As described by UC Berkeley economic historian and defender of neoliberalism Professor Brad DeLong, this "ism" has two main tenets:
"The first is that close economic contact between the industrial core of the capitalist world economy and the developing periphery is the best way to accelerate the transfer of technology which is the sine qua non for making poor economies rich (hence all barriers to international trade should be eliminated as fast as possible). The second is that governments in general lack the capacity to run large industrial and commercial enterprises. Hence, except for core missions of income distribution, public-good infrastructure, administration of justice, and a few others, governments should shrink and privatize."
"The first is that close economic contact between the industrial core of the capitalist world economy and the developing periphery is the best way to accelerate the transfer of technology which is the sine qua non for making poor economies rich (hence all barriers to international trade should be eliminated as fast as possible). The second is that governments in general lack the capacity to run large industrial and commercial enterprises. Hence, except for core missions of income distribution, public-good infrastructure, administration of justice, and a few others, governments should shrink and privatize."
by Kevirrrrooni October 1, 2006
p1: do you wanna go get something to eat tomorrow?
p2: im converting to neoliberalism so i can’t eat until $TSLA is in the green again
p2: im converting to neoliberalism so i can’t eat until $TSLA is in the green again
by oxeeeeean June 15, 2021
an economic policy whereby the 1% make even more money through commodifying everything, selling off nature, privatizing inherently governmental activities, taking away your pension, and polluting non-stop
Both Republicans and Democrats subscribe to neoliberalism, which is why nothing changes from administration to administration.
by Señora Lluvia July 11, 2017
A cross between communism and socialism. Heavy regulation on everything, a welfare capitalist economy, and a globalist president that imperials the globe. There are also hints of National Socialism(Hitler) and Fascism (Mussolini) in the sense of war constantly against other people and terrorism is used in order to suppress our rights.
by answermyq111 June 27, 2011
Neoliberalism is an economic ideology centered around the values of a global economy, or globalization: free market, free trade, and the unrestricted flow of capital. Neoliberals advocate minimal government spending, minimal taxation, minimal regulations, and minimal direct involvement in the economy. Neoliberals believe market forces naturally fill many areas of jurisdiction for the highest overall gain.
by Schrodinger's Cat November 16, 2005
Not to be confused with classical liberalism or theological neoliberalism, these people believe that a free market brings democracy. The classic neoliberal success story is Chile, which under Allende was a socialist democracy. Under Pinochet, the man the neoliberals brought in to replace him, it was a capitalist dictatorship. Famous for fighting with Argentina over uninhabited islands of no strategic importance. Also known as Thatcherists or neoconservatives.
Ultimately, both parties are neoliberal. It just happens the Demos use some lube when they fuck the world.
by Xyzzy March 13, 2005
(nēˌō -lib(ə)rəl) 1. A Political platform which represents the illusion of liberalism. 2. A false Ideology of the super rich and fools alike; to convince low-incom Liberals to vote for a party which wont actually represent their interests. 3. Bourgeoisie propaganda.
The democratic party will probably nominate a Neoliberal Candidate in 2020 like Joe Biden. Someone who has appeal to the younger generation through the Obama- biden memes that continue to circulate the internet even though he would have no real liberal agenda, no major policy changes regarding climate change, the war on drugs or universal healthcare. (or) The democratic party is nothing but corporate, warmongering, Neoliberal shills.
by Cpt Flags August 6, 2018