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.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.Neoliberalcon is neologism formed from mashing together neocon, the conservative masterminds behind the Project For A New American Century in the 1990s, and neoliberals, the liberal masterminds behind globalism in the 1990s. They started out on different sides, but realized they were on the same side after Donald Trump's populist campaign swept both out of influence.
"The neoliberalcons are really pissed Trump won the election," John said.
"You mean the neocons?" Bob asked.
"And the neoliberals. They're on the same team now."
"Oh. You mean the establishment!"
"Exactly."
"You mean the neocons?" Bob asked.
"And the neoliberals. They're on the same team now."
"Oh. You mean the establishment!"
"Exactly."
by chicswank February 9, 2017
Get the neoliberalcon mug.In popular usage, a somewhat vague, broad variant of the traditional economic-based ideology, that describes the policies of the Democrats as redefined by Bill Clinton. In broad terms, it is the less progressive, right-leaning version that caters to corporate donors, to replace the funding lost when Reagan decimated the trade unions, the traditional mainstay of campaign finance to the Democrat Party. Roughly, synonymous with "Third Way" ("a position akin to centrism that tries to reconcile right-wing and left-wing politics by advocating a varying synthesis of center-right and centrist economic platforms with some center-left social policies").
by formerWikiPediaContributor October 2, 2019
Get the Neo-Liberal mug.Ted: "goddamn the rising global wealth over the 20th century is peak neoliberalism"
Jerry: *takes a bite of a street taco* "Based"
Jerry: *takes a bite of a street taco* "Based"
by Yimby July 21, 2021
Get the Neoliberalism mug.A theory that the best way to advance society is through privatisation ,free market enterprise and tax breaks. A debateable belief in theory, however in practice, just like communism was used by the USSR it has become a state religion that is used to justify a corrupt corporate welfare state and a mass transfer of public money to private hands.
'Reagan pretended to subscribe to neoliberalism, a doctrine that taxing the rich less would have beneficial effects for the whole of society. Of course he didn't actually believe that but it sure worked in favour of the ruling classes.
by megafapper1995 July 5, 2020
Get the Neoliberalism mug.