Saturday, June 3, 2017

Ramanan — Noam Chomsky On Neoliberalism: It’s Market For You But State Power For Me The Case For Concerted Action


"It’s Market For You But State Power For Me" is correct  as a one line distinction between  contemporary neoliberalism and classical "free market" liberalism aka laissez-faire.

Neoliberalism is a political theory holding that 1) economic liberalism trumps political and social liberalism where they intersect and 2) government influence is impossible to eliminate from markets and so it should be used to support capital formation over labor and land, that is, over workers and the environment. 

Neoliberalism is a form of corporate statism based on conflating politics with economics. It is opposed by classical liberals, social democrats and democratic socialists, especially since it tends toward fascism as the conflation of corporate and state power.

3 comments:

Magpie said...

"It’s Market For You But State Power For Me" is correct as a one line distinction between contemporary neoliberalism and classical "free market" liberalism aka laissez-faire.

Was there ever such a thing as free market liberalism, aka laissez-faire? I'd guess not, given the scare quotes. Am I mistaken?

Tom Hickey said...

Was there ever such a thing as free market liberalism, aka laissez-faire?

I don't know of any real world examples. Economic liberalis was a project that attempted to fit the real world to a set of idealistic assumptions. That never worked out since government could not be eliminated.

So the remaining option was to control government in the intent of ownership, which is bourgeois liberalism.

Neoliberals chose to keep the narrative (ideology) and shape the reality in their favor through social, political and economic means based on wealth and class power to capture government.

Bob said...

Somalia is an example.