Neoliberalism is very specifically a breed of political thought that came about with the likes of Margaret Thatcher and Jimmy Carter that seeks to create new markets out of previously held government bodies in the name of austerity or protectionist principles and cuts help for disadvantaged people. Think privatization of government service, liquidation of government assets under the guise of saving taxpayer money, removing restrictions/protections on the consumer market and manufacturing sector and dissolving the welfare state or services that soften the blow of being unemployed or unable to work.
Neoliberalism is often used by people on the right to describe the “Progressivish Liberal identifying party of the hour” but it is inaccurate. While Democrats flirt with Neoliberalism under the guise of courting people who like tax cuts Republicans are straight up Neoliberals. Basically old school liberalism believes in a body of rights, a reasonably unrestricted market and a democratic system of governance. Neoliberalism believes first and foremost the market will sort everything out (or is a scam so that people in government can sell it off peicemeal for personal kickbacks.)
Neoliberalism is incompatible and kind of the exact opposite of socialism which seeks to expand sectors of public protections and publicly held wealth.
Neoliberalism is very specifically a breed of political thought that came about with the likes of Margaret Thatcher and Jimmy Carter that seeks to create new markets out of previously held government bodies in the name of austerity or protectionist principles and cuts help for disadvantaged people. Think privatization of government service, liquidation of government assets under the guise of saving taxpayer money, removing restrictions/protections on the consumer market and manufacturing sector and dissolving the welfare state or services that soften the blow of being unemployed or unable to work.
Neoliberalism is often used by people on the right to describe the “Progressivish Liberal identifying party of the hour” but it is inaccurate. While Democrats flirt with Neoliberalism under the guise of courting people who like tax cuts Republicans are straight up Neoliberals. Basically old school liberalism believes in a body of rights, a reasonably unrestricted market and a democratic system of governance. Neoliberalism believes first and foremost the market will sort everything out (or is a scam so that people in government can sell it off peicemeal for personal kickbacks.)
Neoliberalism is incompatible and kind of the exact opposite of socialism which seeks to expand sectors of public protections and publicly held wealth.