Neo-liberalism

Doug Henwood dhenwood at panix.com
Tue May 18 13:11:33 PDT 1999


Bert Davis wrote:


>I am at times puzzled, confused, dismayed and outraged by the uses of the term
>Neo-liberalism.
>In my youth Liberal Democrats believed in unions, safety nets and progressive
>taxation. Conservative Republicans were against unions, safety nets and
>wanted
>none or regressive taxation.
>To label today's corporate drive for world domination as Neo-liberalism is
>like
>saying that black is white.
>Please enlighten me as to the origin, history, meaning and purpose of
>Neo-liberalism.
>Shouldn't it be called Neo-conservatism? TIA.

Liberalism outside the U.S. means Manchester liberalism, i.e. small-state, laissez-faire economics. Back in the 60s and early 70s, Milton Friedman tried to popularize this definition of liberalism, but it never took.

Doug



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