The GOP is so consumed by incoherent QAnon babble that Trump's deterioration doesn't register
    • givesomefucks@lemmy.worldEnglish
      01·
      8 months ago

      Nope, gotta scroll down to “current usage”

      Historian Elizabeth Shermer argued that the term gained popularity largely among left-leaning academics in the 1970s to “describe and decry a late twentieth-century effort by policymakers, think-tank experts, and industrialists to condemn social-democratic reforms and unapologetically implement free-market policies”;[51] economic historian Phillip W. Magness notes its reemergence in academic literature in the mid-1980s, after French philosopher Michel Foucault brought attention to it.[52]

      At a base level we can say that when we make reference to ‘neoliberalism’, we are generally referring to the new political, economic and social arrangements within society that emphasize market relations, re-tasking the role of the state, and individual responsibility. Most scholars tend to agree that neoliberalism is broadly defined as the extension of competitive markets into all areas of life, including the economy, politics and society.

      The Handbook of Neoliberalism[22]

      Neoliberalism is contemporarily used to refer to market-oriented reform policies such as "eliminating price controls, deregulating capital markets, lowering trade barriers" and reducing, especially through privatization and austerity, state influence in the economy.[8] It is also commonly associated with the economic policies introduced by Margaret Thatcher in the United Kingdom and Ronald Reagan in the United States.[28] Some scholars note it has a number of distinct usages in different spheres:[53]

      They love changing the name for it, but their principles remain steadfast.

      Hell, Biden even tried to co-opt “Reaganomics” into “Bidenomics” and trumps been using the “MAGA” campaign slogan that Regan used…

      • Nougat@fedia.io
        0·
        8 months ago

        You cannot be more wrong.

        It is also commonly associated with the economic policies introduced by Margaret Thatcher in the United Kingdom and Ronald Reagan in the United States.

        As a public policy, it involves the privatization of public economic sectors or services, the deregulation of private corporations, sharp decrease of government budget deficits and reduction of spending on public works.

        There is debate over the meaning of the term. Sociologists Fred L. Block and Margaret Somers claim there is a dispute over what to call the influence of free-market ideas which have been used to justify the retrenchment of New Deal programs and policies since the 1980s: neoliberalism, laissez-faire or “free market ideology”.[54] Other academics such as Susan Braedley and Med Luxton assert that neoliberalism is a political philosophy which seeks to “liberate” the processes of capital accumulation.[55] In contrast, Frances Fox Piven sees neoliberalism as essentially hyper-capitalism.[56] Robert W. McChesney, while defining neoliberalism similarly as “capitalism with the gloves off”, goes on to assert that the term is largely unknown by the general public, particularly in the United States.[57] Lester Spence uses the term to critique trends in Black politics, defining neoliberalism as “the general idea that society works best when the people and the institutions within it work or are shaped to work according to market principles”.[58] According to Philip Mirowski, neoliberalism views the market as the greatest information processor, superior to any human being. It is hence considered as the arbiter of truth. Adam Kotsko describes neoliberalism as political theology, as it goes beyond simply being a formula for an economic policy agenda and instead infuses it with a moral ethos that “aspires to be a complete way of life and a holistic worldview, in a way that previous models of capitalism did not.”

        Neoliberalism is distinct from liberalism insofar as it does not advocate laissez-faire economic policy, but instead is highly constructivist and advocates a strong state to bring about market-like reforms in every aspect of society.[60] Anthropologist Jason Hickel also rejects the notion that neoliberalism necessitates the retreat of the state in favor of totally free markets, arguing that the spread of neoliberalism required substantial state intervention to establish a global ‘free market’.[61] Naomi Klein states that the three policy pillars of neoliberalism are “privatization of the public sphere, deregulation of the corporate sector, and the lowering of income and corporate taxes, paid for with cuts to public spending”.