I am still having trouble understanding what is so "neo" about neoliberalism.
The "neo" part is all about Keynesian politics. The absolute worst political-economical system. It's literally modern slavery of the middle-class (middle goes up to more than a million $ btw); working for the powerful as if this whole scheme were a good thing, completely unaware they are simply being cattle in a tax farm.
Any sane mind should be against it. Be it coming from the left or the right. Be them authoritarian or libertarian. Unless, and hear me out, unless you are able to profit from it. There is a very few, specific, set of people that TRULY profit (true value/power, not worthless currency) from neoliberal policies.
Well, and by way of helping you to understand my perspective, I guess I am just one of those people who did profit from "Keynesian politics."
That is to say, tax (and borrowed) dollars went to pay my salary as a government bureaucrat for my role in administering projects designed to stimulate the local economy, as well as address issues of environmental justice.
Mind you, that doesn't necessarily make me against market based solutions.
At any rate, I would also point put that there is not now, nor has there ever been, an economic system that was based purely on market economics. At least not in the United States, nor for century upon century in Western Europe.
Along those lines, I would ask you how exactly you think the following things came about but for government programs:
- The construction of the transcontinental railroad.
- Most roads and bridges. I would add traffic planning and control, such as stoplights, stop signs, etc.
- Military defense.
- Local police protection.
- Space exploration.
- Wastewater treatment systems in most localities.
- Hydroelectric projects.
- Government sponsored research and development resulting in medical breakthroughs.
- Welfare for unwed mothers unable to find gainful employment.
- Hospitals run by local governments.
- Subsidized housing for those who could not otherwise afford decent shelter.
- Regulation to ensure clean air.
Clearly, we have a mixed system that includes both public and private institutions and organizations.
I continue to struggle to learn exactly what this "neoliberal" terminology refers. In all my years of involvement in economic planning and development at the local level, I don't think I once came upon this term. My only prior acquaintance with it was in respect to trade policy, which as a local bureaucrat I had very little to input.
I am beginning to understand that 'neoliberal" indeed does apply to much more than trade policy.
As a bureaucrat, I was also involved in privatization efforts. So, I do understand some of the aspects of that issue.
At any rate, I will stop for now, as I presume this will give you and others something to chew on for a while.