What is Neoliberalism?


What is Neoliberalism?

In: 2

Basically it’s just laissez-faire capitalism for the 21st century.

Deregulation, moving production to developing labor markets and global capital flows are the name of the game.

Its economic conservatism by another name. Small government, low taxes, little regulation and no worker’s rights. Rebranded to trick parties that used to be left wing to be taken over by right wing ideology

This is why labor and the democrats are not left leaning parties anymore.

Neoliberalism is just the currently existing form of capitalism. There’s a ton of complex economic theory and philosophy behind it, but what you need to know is that it’s the current form of capitalism characterized by laissez-faire free markets, fiscal austerity, deregulation, privatization, free trade, and low taxes on the wealthy. The economic policies of Ronald Reagan and Margaret Thatcher were neoliberalism on steroids, but most mainstream political parties on the left and right in just about every country embrace neoliberalism.