The Forum > General Discussion > This bloke has fallen from his tree
This bloke has fallen from his tree
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Well Peter, you set me a difficult task; do I explain the word in the nominal pejorative sense I tend to couch it in (which you ought to know so well by now), or do I elaborate?
We can surely dispense with the "neo", except to say it indicates the period of socialist or welfare-capitalism--the prevailing tendency postwar until its gradual erosion from the early eighties on. Less than 50 years then between classical and neoclassical political economy.
You will of course immediately object that we've never had true free markets, nevertheless I didn't invent these terms and they don't indicate anything untinctured, but rather prevailing tendencies towards privatisation, towards capitalism in a word, or if you prefer the standard euphemisms, the "free market", "free enterprise", "market society" etc, etc.
Of course neoliberalism also boasts a pseudo-philosophy of individualism, famously espoused by Margaret Thatcher; that there is no such thing as society, only individuals and families. Neoliberalism transcends such quaint homilies and neoliberal families today also pay homage to corporations.
There are differences in usage (of liberalism), say between Britain and the US, but the core values are the same and tantamount to social anarchy, or again at least nominally.
Ostensibly, true liberalism is akin to pre-Hobbesian survival of the fittest, a spurious kind of pseudo-Nietzschean realm of green-blooded individualism (bloody Romulens!).
In reality it's a craven form of materialistic opportunism that, if successful, goes on to employ all and any means to secure its ill-gotten stash.
Neoliberalism in the modern world is non sequitur since it makes its fortune from the commodified masses it despises, of whom it is of course a greasy member: narcissistic. Moreover it secures its wealth via social judiciaries, standing armies, the church (it's nothing if not pious) and other social securities it parasitises while feigning to despise them.
(Neo)liberalism has also had the dubious distinction to have presided over the two greatest financial crises in history, the Great Slump and the GFC.
They remain supercilious and uncontrite..
Apart from these small matters, "it's all good" as they say.