Neoliberalism

What is Neoliberalism?


1.

The term "neoliberalism" is used to describe a variety of movements away from state control or protection of the economy and toward corporate control of the market, particularly beginning in the 1970s.

As described by UC Berkeley economic historian and defender of neoliberalism Professor Brad DeLong, this "ism" has two main tenets:

"The first is that close economic contact between the industrial core of the capitalist world economy and the developing periphery is the best way to accelerate the transfer of technology which is the sine qua non for making poor economies rich (hence all barriers to international trade should be eliminated as fast as possible). The second is that governments in general lack the capacity to run large industrial and commercial enterprises. Hence, exceptfor core missions of income distribution, public-good infrastructure, administration of justice, and a few others, governments should shrink and privatize."

See liberal, conservative, political parties


0

Random Words:

1. This is an abreviation of the word christmas. Generally used by people who are to god damn lazy to write the full word. x-mas is possib..
1. (noun) the feeling a male gets when his jaw hits the floor as a result of being told his now ex-girlfriendis pregnant as a result of the..
1. The gap between pillows that your head inevitably ends up in when spooning in bed. "Curses, I have gap pillow" See pillow, s..
Book Banner