Deregulation. Infinite growth. Self-correcting markets. All are hallmarks of neoliberal thinking. But they’re more than just assumptions about the economy. They undergird much of the most influential thinking about governance right now, and dominate political and economic thinking everywhere. The results, according to some, have been disastrous. Investigative journalist Bruce Livesey asks four experts about the rise and rule of neoliberal thought, and what it may mean for societies around the world.
The term “neoliberalism” is likely more used than understood. But if at its heart it’s the ideology that markets know better than humans, then its ascension into virtually every sector of society is nearly complete. At least that’s the view of economic historian, Philip Mirowski at the University of Notre Dame. For him, the presidency of Donald Trump represents textbook neoliberalism: privatizing education and health care, gutting the Environmental Protection Agency (EPA) as well as health and safety, and food safety laws.
4 comments:
"that’s the view of economic historian,"
“The term ‘neoliberalism’ is likely more used than understood. But at its heart it’s the ideology that markets know better than humans…” ~ Philip Mirowski, quoted by Yanis Varoufakis
No.
Neoliberalism is NOT about “free markets” or “market based reforms.” Neoliberalism is OPPOSED to free markets. Neoliberalism is about CAPTIVE markets. Owned markets. Monopolized markets. Neoliberalism is feudalism, in which a handful of oligarchs own everything and everyone.
The opposite of socialism is not capitalism, but neoliberalism, where everyone works for the rich. Trump is merely a carnival show to distract the masses while they are crushed by neoliberals.
Yanis Varoufakis then discusses Greece as though Greece is like any other nation. Varoufakis does not understand that when a nation has a trade deficit (like Greece has) and when its government cannot create money out of thin air (like the Greek government can’t) then runaway debt and austerity are unavoidable, whether or not there are recessions.
The Greek nightmare began when Greek politicians adopted the euro on 1 Jan 2001. Yanis Varoufakis has never understood this.
Neoliberalism is NOT about “free markets” or “market based reforms.” Neoliberalism is OPPOSED to free markets. Neoliberalism is about CAPTIVE markets. Owned markets. Monopolized markets. Neoliberalism is feudalism, in which a handful of oligarchs own everything and everyone.
Konrad is 100% correct here. Further, how can there be a "free market" under a regime of fiat money? There cannot be.
Further, how can there be a "free market" under a regime of fiat money? Bob Roddis
How can there be a free market when the taxation authority and power of government is used to benefit private interests such as gold owners and gold miners?
Post a Comment