Overview of Neo-Liberalism

Saturday, May 28, 2016

Neoliberalism by Investopedia

A Primer on Neoliberalism

A beginner’s guide to neoliberalism by New Economics Foundation

Neoliberalism's stealth revolution by Wendy Brown ( neo-feudalism

Institute for New Economic Thinking channel...

"Capitalism derives its moral legitimacy from being governed by democracy." But it is now expected that the operations of government, public morality, and access to civic participation are to be determined by privatization and market forces. In other words, democracy and our national character are owned by a small cabal of people who have insulated themselves from the same market forces everyone else is expected to bear. All economic, health, and legal risk are pushed off onto the very people whose wages are artificially suppressed. At the same time, the largest capital accounts are enjoyed by the least productive people.

The job of Congress is to
1) incrementally redefine corporate fraud as "legal"
2) insulate artificially created profit from natural market forces
3) restrict the movement of capital from flowing back into wage and payroll accounts.
4) provide income for government-dependent corporations via foreign policy
5) insulate corporate constituents from liability and the consequences of mismanagement
6) shift legal, physical, and financial risk onto labor

Real free market capitalism is called "redistribution" by talk radio. 


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I teach them all the good I can, and recommend them to others from whom I think they will get some moral benefit. And the treasures that the wise men of old have left us in their writings I open and explore with my friends. If we come on any good thing, we extract it, and we set much store on being useful to one another. - Socrates, Memorabilia
What we maintain is that in none of the problems of life can men afford to lose sight of the storehouse bequeathed to them by the ancients. In the complexus of everything which differentiates man from the brute creation, the voice of antiquity must be heard...

-H. Browne, quoted in "Classics and Citizenship" The Classical Quarterly, 1920