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 2, 2006
Get the neoliberalism mug.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
Get the neoliberalism mug.r/neoliberal is one of the most rational, logical, polite online communities you'll ever find, and as a supporter of free speech it pleases me that Reddit would allow such a beautiful, booming hub of economic discussion, egalitarianism and calls for fostering of free democracy to exist.
Karl Marx: Hey I just read the r/neoliberal sidebar and now I completely regret writing all my evil commie books
by I have abandoned humanity UwU October 15, 2021
Get the r/neoliberal mug.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
Get the neoliberalism mug.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 12, 2005
Get the neoliberal mug.(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
Get the Neoliberal mug.basically Liberals who hate both reagan and thatcher yet choose to call themselves neoliberals just to piss off both socialists and conservatives thus maintaining quality policy discussions based on academic evidence and consensus among professionals(like scientists, urban planners, economists, doctors etc) instead of bullshit peddled by far-left and far-right. Your "common sense" and historical materialism are not substitutes for empirical evidence.
they mostly believe in the fact that regulated market economies with global free trade, free movement of capital and labor leads to massive reduction in poverty and increase in human welfare and incomes of all groups. some commies think that poverty isn't declining instead the world bank has reduced the poverty line which is again bullshit, you can see poverty rate at different poverty lines here: ourworldindata.org/no-matter-what-global-poverty-line
sometimes r/neoliberal come across as smug technocrats, not that its a bad thing. Singapore is technocracy after all.
Originally shitposting sub for r/badeconomics .
they mostly believe in the fact that regulated market economies with global free trade, free movement of capital and labor leads to massive reduction in poverty and increase in human welfare and incomes of all groups. some commies think that poverty isn't declining instead the world bank has reduced the poverty line which is again bullshit, you can see poverty rate at different poverty lines here: ourworldindata.org/no-matter-what-global-poverty-line
sometimes r/neoliberal come across as smug technocrats, not that its a bad thing. Singapore is technocracy after all.
Originally shitposting sub for r/badeconomics .
Person 1: Why are people getting so radical nowadays? everyone thinks they have the whole world figured out and they know more than consensus of professionals who worked their whole life in their respective fields.
Person 2: yeah bro, people are getting their policy takes from BreadTube, Elon Musk, Jordan Peterson, Zizek, Karl Marx and other over-glorified idiots. You should visit r/neoliberal, we only have policy discussions with proper citations of research papers.
Person 1: wow this place is kinda nice, I too love the global poor now.
Person 2: yeah bro, people are getting their policy takes from BreadTube, Elon Musk, Jordan Peterson, Zizek, Karl Marx and other over-glorified idiots. You should visit r/neoliberal, we only have policy discussions with proper citations of research papers.
Person 1: wow this place is kinda nice, I too love the global poor now.
by gigachad economist February 15, 2022
Get the r/neoliberal mug.