26 - What is Neoliberalism Milton Friedman-forefather of...

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What is Neoliberalism Milton Friedman -forefather of neoliberalism -freedom of choice -school vouchers Structuval transformation (1970s) -post WWII indistural based economy peaks in 1960s and begins to wane ‘70s -deindistrialization textiles/manufacturers outsourcing to mexico: maquiladoras -focus on outsourcing, destroys working and middle class by trading jobs overseas. Offshore production plants to avoid U.S labor laws. Political origins -1940 intellectual heirs: freidrich von hayek, Milton friedman: mont pellerin society in 1947 and opposition to New Deal -1971: Powell Memo 1970s- Neo liberal think tanks 1973- coup in chile 1975- ford to nyc “drop dead” 1980 Election of Regan. Government is not a solution to our problem. Broke up traffic comptrollers unions 1990s Bill Clinton free trade, “Era of big government is over” post 9/11 -Combining neo conservatism and neo liberalism Neo conservatism (bush doctrine Neo liberal Iraq: Paul Bremer restructures Iraqi government (similar to Chile in 1973) -privatization of war in Iraq: Blackwater Terms - Socialism
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