this post was submitted on 29 Jan 2024
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Summer school lunch programs and restricting kids from getting sliced up in a booby trapped river.
All this and more on neoliberalism today.
Seriously if that's what we have to watch out for sign me up. I back social protections all damn day.
The erosion of all social programs has occurred under neoliberalism. The reason that things are the way they are is because of neoliberal policies that have been in place for the past 50 years. The reason that school lunch is as weak as it is is because of neoliberalism's successful war against the New Deal and its destruction of American social democracy.
In case you legitimately don't know what the term neoliberalism means, which you may not because the United States' propaganda has grossly distorted the meaning of the word "liberal":
"Neoliberalism is an economic and political ideology that emphasizes the value of free market capitalism, minimal state intervention in the economy, and the importance of individual entrepreneurial freedoms. Central to neoliberalism is the belief that open markets, free trade, and the unrestricted flow of capital are the best means to achieve economic growth and societal prosperity.
Historically, neoliberalism gained prominence in the late 20th century, particularly under the leadership of figures like Margaret Thatcher in the UK and Ronald Reagan in the US. This period marked a significant shift from Keynesian economics, which advocated for stronger government intervention in the economy, to a model favoring deregulation, privatization of state-owned enterprises, and a reduced role for government in social welfare.
The impact of neoliberalism has been global, influencing economic policies across various countries. It led to the liberalization of international trade and finance, the proliferation of free trade agreements, and the globalization of economic activities. However, it has also been critiqued for increasing income inequality, contributing to social disparities, and exacerbating environmental degradation due to its focus on economic growth and efficiency over social and ecological concerns."
If you think Ronald Reagan and Margaret Thatcher supported any form of liberalism you are seriously, seriously out of touch with reality. I don't know if you lived through those times or not, but I did and there was not a shred of liberalism anywhere near the vicinity of those two individuals.
Ronald Reagan and Margaret Thatcher are the poster children of neoliberalism.
Neoliberalism is an economic and political ideology that emerged in the latter half of the 20th century. It advocates for free-market capitalism with minimal state intervention. Key tenets of neoliberalism include deregulation of industries, privatization of state-owned enterprises, reduction of government spending, particularly on social welfare, and the promotion of free trade.
Ronald Reagan and Margaret Thatcher, although nominally politically conservatives, implemented policies that strongly align with neoliberalism:
Market Liberalization: Both Reagan and Thatcher aggressively pursued market liberalization policies. They reduced government regulation in several key industries, believing that an unregulated market would be more efficient and beneficial for economic growth.
Privatization: Thatcher's government notably privatized several state-owned enterprises in the UK, including British Telecom and British Gas. Similarly, Reagan's administration promoted privatization in various sectors, shifting responsibilities from the government to private entities.
Tax Policy: Both leaders implemented significant tax reforms, reducing the tax burden, especially for businesses and higher-income individuals. This approach reflects a neoliberal belief in stimulating investment and economic growth through lower taxes.
Reduction in Social Welfare Spending: Both Thatcher and Reagan cut government spending on social welfare programs. This aligns with the neoliberal view that too much state provision can stifle individual initiative and market efficiency.
In the context of economic and political ideologies, "liberalism" can have different meanings. In the classical sense, it refers to a philosophy emphasizing individual freedoms, limited government, and free markets. This classical liberalism aligns with some aspects of neoliberalism, such as the emphasis on free markets. However, in modern American political discourse, "liberal" often denotes a preference for more government intervention in the economy, social welfare, and progressive social policies, which is somewhat at odds with both classical liberalism and neoliberalism.
Therefore, while Reagan and Thatcher were politically conservative, their economic policies were liberal in the classical sense and distinctly neoliberal. They emphasized free-market capitalism and reduced government intervention, aligning with the core principles of neoliberalism.
Unfortunately, us Americans have permanently conflated "liberal" to mean "democrat". It was part of a targeted effort to drag the Overton Window further to the right.
Most Americans just think a "progressive" is someone who buys that brand of insurance.
Was this a ChatGPT response too?
Most of it, why?