A Primer on Neoliberalism —..

A Primer on Neoliberalism —.. - A Primer on...

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Global Issues http://www.globalissues.org Social, Political, Economic and Environmental Issues That Affect Us All by Anup Shah This Page Last Updated Sunday, August 22, 2010 This print version has been auto-generated from http://www.globalissues.org/article/39/a-primer-on-neoliberalism Neoliberalism is promoted as the mechanism for global trade and investment supposedly for all nations to prosper and develop fairly and equitably. Margaret Thatcher’s TINA acronym suggested that There Is No Alternative to this. But what is neoliberalism, anyway? This section attempts to provide an overview. First, a distinction is made between political and economic liberalism. Then, neoliberalism as an ideology for how to best structure economies is explained. Lastly, for important context, there is a quick historical overview as to how this ideology developed. This web page has the following sub-sections: Political versus Economic Liberalism 1. Neoliberalism is. .. 2. Brief overview of Neoliberalism’s History: How did it develop? Free Markets Were Not Natural. They Were Enforced 1. Rooted in Mercantilism 2. Colonialism and Imperialism Needed To Succeed 3. Going Global 4. 3. Going bust? The Global Financial Crisis Shakes Confidence 4. More Information 5. There is an important difference between liberal politics and liberal economics. But this distinction is usually not articulated in the mainstream. As summarized here by Elizabeth Martinez and Arnoldo Garcia: “Liberalism” can refer to political, economic, or even religious ideas. In the U.S. political liberalism has been a strategy to prevent social conflict. It is presented to poor and working people A Primer on Neoliberalism — Printer friendly version — Global Issues http://www.globalissues.org/print/article/39 1 of 24 11/3/2010 9:01 AM
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They also make a distinction about neo-conservatives and neoliberals: U.S. neo-conservatives, with their commitment to high military spending and the global assertion of national values, tend to be more authoritarian than hard right. By contrast, neo-liberals, opposed to such moral leadership and, more especially, the ensuing demands on the tax payer, belong to a further right but less authoritarian region. Paradoxically, the "free market", in neo-con parlance, also allows for the large-scale subsidy of the military-industrial complex, a considerable degree of corporate welfare, and protectionism when deemed in the national interest. These are viewed by neo-libs as impediments to the unfettered market forces that they champion. About the Political Compass , January 6, 2004 What the above highlights then, is that in some countries, discourse on these topics may appear to fit into left-right balance, but when looked at a more global scale, the range of discourse may be narrow. Economic issues such as globalization, especially as it affects third world countries as well as those in the first world, require a broader range of discussion. Neoliberalism, in theory, is essentially about making trade between nations easier. It is about freer movement of
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This note was uploaded on 03/30/2011 for the course WORK 383 taught by Professor Shurman during the Spring '11 term at Rutgers.

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A Primer on Neoliberalism —.. - A Primer on...

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