Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
In reply to the discussion: Our Neoliberal Nightmare: Hillary Clinton, Donald Trump and Why the Wealthy Win Every Time [View all]Octafish
(55,745 posts)7. Neoliberals aren't Liberals.
They're something sinister.
Neoliberalism the ideology at the root of all our problems
Financial meltdown, environmental disaster and even the rise of Donald Trump neoliberalism has played its part in them all. Why has the left failed to come up with an alternative?
by George Monbiot
The Guardian, April 15, 2016
EXCERPT...
The term neoliberalism was coined at a meeting in Paris in 1938. Among the delegates were two men who came to define the ideology, Ludwig von Mises and Friedrich Hayek. Both exiles from Austria, they saw social democracy, exemplified by Franklin Roosevelts New Deal and the gradual development of Britains welfare state, as manifestations of a collectivism that occupied the same spectrum as nazism and communism.
In The Road to Serfdom, published in 1944, Hayek argued that government planning, by crushing individualism, would lead inexorably to totalitarian control. Like Misess book Bureaucracy, The Road to Serfdom was widely read. It came to the attention of some very wealthy people, who saw in the philosophy an opportunity to free themselves from regulation and tax. When, in 1947, Hayek founded the first organisation that would spread the doctrine of neoliberalism the Mont Pelerin Society it was supported financially by millionaires and their foundations.
With their help, he began to create what Daniel Stedman Jones describes in Masters of the Universe as a kind of neoliberal international: a transatlantic network of academics, businessmen, journalists and activists. The movements rich backers funded a series of thinktanks which would refine and promote the ideology. Among them were the American Enterprise Institute, the Heritage Foundation, the Cato Institute, the Institute of Economic Affairs, the Centre for Policy Studies and the Adam Smith Institute. They also financed academic positions and departments, particularly at the universities of Chicago and Virginia.
As it evolved, neoliberalism became more strident. Hayeks view that governments should regulate competition to prevent monopolies from forming gave way among American apostles such as Milton Friedman to the belief that monopoly power could be seen as a reward for efficiency.
Something else happened during this transition: the movement lost its name. In 1951, Friedman was happy to describe himself as a neoliberal. But soon after that, the term began to disappear. Stranger still, even as the ideology became crisper and the movement more coherent, the lost name was not replaced by any common alternative.
CONTINUED...
https://www.theguardian.com/books/2016/apr/15/neoliberalism-ideology-problem-george-monbiot
Financial meltdown, environmental disaster and even the rise of Donald Trump neoliberalism has played its part in them all. Why has the left failed to come up with an alternative?
by George Monbiot
The Guardian, April 15, 2016
EXCERPT...
The term neoliberalism was coined at a meeting in Paris in 1938. Among the delegates were two men who came to define the ideology, Ludwig von Mises and Friedrich Hayek. Both exiles from Austria, they saw social democracy, exemplified by Franklin Roosevelts New Deal and the gradual development of Britains welfare state, as manifestations of a collectivism that occupied the same spectrum as nazism and communism.
In The Road to Serfdom, published in 1944, Hayek argued that government planning, by crushing individualism, would lead inexorably to totalitarian control. Like Misess book Bureaucracy, The Road to Serfdom was widely read. It came to the attention of some very wealthy people, who saw in the philosophy an opportunity to free themselves from regulation and tax. When, in 1947, Hayek founded the first organisation that would spread the doctrine of neoliberalism the Mont Pelerin Society it was supported financially by millionaires and their foundations.
With their help, he began to create what Daniel Stedman Jones describes in Masters of the Universe as a kind of neoliberal international: a transatlantic network of academics, businessmen, journalists and activists. The movements rich backers funded a series of thinktanks which would refine and promote the ideology. Among them were the American Enterprise Institute, the Heritage Foundation, the Cato Institute, the Institute of Economic Affairs, the Centre for Policy Studies and the Adam Smith Institute. They also financed academic positions and departments, particularly at the universities of Chicago and Virginia.
As it evolved, neoliberalism became more strident. Hayeks view that governments should regulate competition to prevent monopolies from forming gave way among American apostles such as Milton Friedman to the belief that monopoly power could be seen as a reward for efficiency.
Something else happened during this transition: the movement lost its name. In 1951, Friedman was happy to describe himself as a neoliberal. But soon after that, the term began to disappear. Stranger still, even as the ideology became crisper and the movement more coherent, the lost name was not replaced by any common alternative.
CONTINUED...
https://www.theguardian.com/books/2016/apr/15/neoliberalism-ideology-problem-george-monbiot
Thank you for a very important OP, Ferd Berfel! Thanks to Corporate McPravda doing its thing, We the People will feel the impact of austerity in the wealthiest times in human history and yet have no clue "Why?"
TopBack to the top of the page
AlertAlert this post for a rule violation
ShareGet links to this post
PowersThere are no powers you can use on this post
Cannot edit, recommend, or reply in locked discussions
Edit history
Please sign in to view edit histories.
55 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
Our Neoliberal Nightmare: Hillary Clinton, Donald Trump and Why the Wealthy Win Every Time [View all]
Ferd Berfel
Jun 2016
OP
Often I wonder if humans will even be needed/wanted in the 21st century. ... seems to most
RKP5637
Jun 2016
#3
It does seem odd how Hillary is accused of being both a neoliberal and a neoconservative. (nt)
JaneQPublic
Jun 2016
#11
I surely hope so! I liked Bernie, but I'm glad we have Hillary now to defeat Trump. n/t
RKP5637
Jun 2016
#12
From the author of: Hillarybots, You Blew It! Thanks for Another Decade of War, Misery, and Scandal
oberliner
Jun 2016
#4
Why not? If history is precedent, as liberals we should be able to discuss these things
Ned_Devine
Jun 2016
#37
Actually, that review is negative. Still, it lays out some of the arguments well...
arendt
Jun 2016
#47
It can be summed up as: Every human need must provide a profit for the few. The 7 billion must be
Todays_Illusion
Jun 2016
#10
Since you mentioned Third Way and neoliberalism in the same sentence... yeah, they are different
beastie boy
Jun 2016
#48
And we all know how wonderful "democratic management of enterprises" has worked for
beastie boy
Jun 2016
#54