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


19

Random Words:

1. Queing up the same ridiculous song over and over on a jukebox. Jen sucessfully carried out "jukebox terrorism" last night whe..
1. Someone who is so fat you sterotype them as being stupid retarded. Dude, I just got back from Wal-mart where I played Oinktard Bingo! ..
1. Making a woman look more voluptuous than she really is. My girlfriend likes to stuff an entire box of kleenex in her bra to voluptualiz..