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submitted 1 year ago* (last edited 1 year ago) by metic@lemmy.world to c/youshouldknow@lemmy.world

Why YSK: I’ve noticed in recent years more people using “neoliberal” to mean “Democrat/Labor/Social Democrat politicians I don’t like”. This confusion arises from the different meanings “liberal” has in American politics and further muddies the waters.

Neoliberalism came to the fore during the 80’s under Reagan and Thatcher and have continued mostly uninterrupted since. Clinton, both Bushs, Obama, Blair, Brown, Cameron, Johnson, and many other world leaders and national parties support neoliberal policies, despite their nominal opposition to one another at the ballot box.

It is important that people understand how neoliberalism has reshaped the world economy in the past four decades, especially people who are too young to remember what things were like before. Deregulation and privatization were touted as cost-saving measures, but the practical effect for most people is that many aspects of our lives are now run by corporations who (by law!) put profits above all else. Neoliberalism has hollowed out national economies by allowing the offshoring of general labor jobs from developed countries.

In the 80’s and 90’s there was an “anti-globalization” movement of the left that sought to oppose these changes. The consequences they warned of have come to pass. Sadly, most organized opposition to neoliberal policies these days comes from the right. Both Trump and the Brexit campaign were premised on reinvigorating national economies. Naturally, both failed, in part because they had no cohesive plan or understanding that they were going against 40 years of precedent.

So, yes, establishment Democrats are neoliberals, but so are most Republicans.

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[-] Ronno@kbin.social 10 points 1 year ago

Watching from a far (The Netherlands), it always amazed me how the political scale in the US is described. Even the democrats in the US feel more to the right, then positioned in the US. Some people go as far to call democrats communist, but I don't think these people know what communist really is, in the same way that Americans don't seem to know what (neo)liberal actually is. It is both entertaining and concerning to watch.

[-] Aceticon@lemmy.world 8 points 1 year ago

Yeah, the idea that Democrats are center-left is hilarious - by the standards in most of Europe, they're not even center-right, just plain rightwing, whilst the Republicans are pretty much far-right (given their heavy religious, ultra-nationalis, anti-immigrant and warmongering - amongst others - rethoric).

The Overtoon Window has moved to the Right everywhere but in the US it did way much further than in most of Europe.

As for the whole neoliberalism stuff, it's pretty easy to spot the neoliberal parties even when they've disguised themselves as leftwing or (genuine) conservatives: they're the ones always obcessing about what's good for businesses whilst never distinguishing between businesses which are good for people and society and those which aren't: in other words, they don't see businesses (and hence what's "good for businesses") as a means to the end of being "good for people" (i.e. "good for businesses which are good for people hence good for people") but as an end in itself quite independently of what that does for people.

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[-] Bucket_of_Truth@kbin.social 2 points 1 year ago

Most of our Dems voted to make it illegal for rail workers to strike.

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[-] drmoose@lemmy.world 7 points 1 year ago

It almost feels like political labels are there to deceive and confuse people or the political science is a meme that can't be trusted to name things. I swear, majority of political conflict is just people misunderstanding each other.

[-] Sorenchu@lemmy.world 6 points 1 year ago

I'm writing a thesis that has significant support that the United States is and has, with the exception of about 30 years of progressive policy, been a plutocracy. The divisions in put country are by design. Division among racial lines, political affiliation, religious affiliation, professions, etc. are used to prevent the unification of the laboring class and dissuade us from collectively recognizing and challenging the status quo. The working people of this country have far more in common than not, but the political and moneyed class sow division via these wedge issues to prevent radical change - which would likely shift the US toward Scandinavian style social democracy.

[-] drmoose@lemmy.world 1 points 1 year ago

It's not a unique problem to US either. Every country I lived in seems to suffer from this in some form or shape. I'd even argue that people need some sort of conflict and the manipulators are taking advantage of this.

Distracting and confusing the peasants is such a natural tool in our current society too, where outrage, click bait and manufactured conflict aligns with attention-based business (i.e. ads). So everything just works naturally.

People need to be mindful and aware of this so thanks for writing about it!

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[-] utopianfiat@lemmy.world 6 points 1 year ago

Globalized trade is good actually

[-] aski3252@lemmy.world 3 points 1 year ago* (last edited 1 year ago)

Globalized trade has been a thing long before neo-liberalism existed, arguably longer than capitalism has existed. Equating neo-liberalism with "global/globalized trade" is incredibly reductive..

EDIT: I read the comment wrong, OP is saying that international/global trade is not inherently bad, not that neo-liberalism is the same thing as international/global trade.

[-] KuchiKopi@lemmy.world 5 points 1 year ago

I didn't see that comment as reductive. More like pointing out a part of neo-liberalism that the commenter thought was good.

In other words, the comment is simply "globalized economy is good." The comment is not what you're inferring: "neo-liberalism is good because globalized economy is good "

[-] utopianfiat@lemmy.world 5 points 1 year ago

Yes this is actually what I meant.

I do not subscribe to neoliberal economics- if anything I'm just left of the average Keynesian.

[-] aski3252@lemmy.world 4 points 1 year ago

Thank you for clearifying, I have misinterpreted your comment in that case.

[-] KuchiKopi@lemmy.world 2 points 1 year ago

I love how civil everyone is being! And I appreciate that you edited your earlier comment.

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[-] Fried_out_Kombi@lemmy.world 2 points 1 year ago* (last edited 1 year ago)

I'm Georgist, and I agree with you that global trade is good. Why would we purposely do to ourselves what we do to our adversaries during wartime? One certainly doesn't have to subscribe to all of neoliberalism to believe global trade is good.

[-] KuchiKopi@lemmy.world 1 points 1 year ago

Yep, the best way to prevent rich powerful assholes from getting us into huge wars is to make it extremely unprofitable. Don't want to kill your market or labor force. Don't want to disrupt your supply chain. Etc.

[-] utopianfiat@lemmy.world 2 points 1 year ago

Literally the Ukraine war is an excellent example of this. Second most powerful army in the world fighting a much smaller and poorly equipped army. Now only the second most powerful army in Russia.

[-] Gabu@lemmy.world 1 points 1 year ago

Much more than globalized trade, globalized sharing of knowledge, awareness and circumstance - perhaps even globalized power, one day. The fight against capitalism will definitely require a great plan to take global communication away from private capital.

[-] marcos@lemmy.world 1 points 1 year ago

Yes.

Pushing every poor country to invest on the same export industries because your ideology believes they are inferior people that can only ever do that, or because you want them to subsidize your local consumers of those industries is not a good thing.

But people can't handle any complexity, and this get turned into "advocated global trading".

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[-] AlexRogansBeta@kbin.social 6 points 1 year ago

So, while you're 100% correct about neoliberalism not belonging to either the left or the right, your basic description of neoliberalism isn't correct. What you describe (deregulation, positive valuation of wealth generation, free markets, etc) is just liberal capitalism.

Neoliberalism names the extension of market-based rationalities into putatively non-market realms of life. Meaning, neoliberalism is at play when people deploy cost/benefit, investment/return, or other market-based logics when analysing options, making decisions, or trying to understand aspects of life that aren't properly markets, such as politics, morality/ethics, self-care, religion, culture, etc.

A concrete example is when people describe or rationalize self-care as a way to prepare for the workweek. Yoga, in this example, becomes of an embodiment of neoliberalism: taking part in yoga is rationalized as an investment in self that results in greater productivity.

Another example: how it seems that most every public policy decision is evaluated in terms of its economic viability, and if it isn't economically viable (in terms of profit/benefit exceeding cost/investment) then it is deemed a bad policy. This is a market rationality being applied to realms of life that didn't used to be beholden to market rationalities.

Hence the "neo" in "neoliberalism" is about employing the logics of liberalism (liberal capitalism, I should say) into new spheres of life.

A good (re)source for this would be Foucault's Birth of Biopolitics lectures, which trace the shift from Liberalism to Neoliberalism. As well, there's excellent literature coming out of anthropology about neoliberalism at work in new spheres, in particular yoga, which is why I used it as my example here.

[-] menemen@lemmy.world 5 points 1 year ago* (last edited 1 year ago)

It's kinda sad how classical social democracy is basically dead nowadays. Here in Europe they are almost all neoliberals and some (like in Denmark) even start to mix this with right wing social policies.

Slightly OT comment from me, so sorry.

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[-] BeautifulMind@lemmy.world 4 points 1 year ago

The thing to get about deregulation in this context is that it's a misleading term- 'deregulation' doesn't mean un-doing regulation, it means handing regulatory authority over from democratically-accountable regulators, to private regulators that are less-accountable and often have interests at odds with those of the public.

In feudal times, regulation of trade or business was left to trade associations or guilds (who got to write their own rules that were typically rubber-stamped by the local nobility's younger son) and that system more or less translated into today's modern republics, up until the guilds and trade associations became trusts and monopolies. When the democratic regulatory state emerged to regulate spheres of business like banking and polluting industry because private regulators shat the bed, that was a shot in a war that the old guard business elites haven't stopped fighting- they saw this as a taking of their power, and have sustained decades of effort to hand public authority back over to private trade associations

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[-] zombuey@lemmy.world 4 points 1 year ago* (last edited 1 year ago)

Sheep hear these terms from talking heads on tv and radio. Those talking heads don't know and/or don't care what those terms actually mean. They only care that the sheep don't know what they mean. That way they can apply whatever traits they need to apply to them to illicit an emotional response they need, then apply that term to the entity or event they want to target. Then the sheep regurgitate those arguments to others convincing fellow sheep and gaslighting others with their stupidity. One of the reasons arguing with these people is so pointless. You may as well be arguing with a voice recorder they have no idea what they are saying and an appeal to logic is useless as they are incapable of such a thing. I've actually broke people a few times where the just begin looping and eventually they just break and devolve into racism or some similar bigoted viewpoint these pundits latch onto for their appeal to emotion.

[-] its_ur_funeral@lemmy.world 3 points 1 year ago

YSK that anyone trying to generalize your political preferences into a singular term is propaganda. FTFY

Review the people you intend to vote for and see what their votes were on important issues.

[-] SattaRIP@kbin.social 2 points 1 year ago

centre-left

This is misleading. Neoliberalism is inherently capitalist, not socialist/communist.

[-] vaguerant@kbin.social 2 points 1 year ago

All left-right political terminology is inherently subjective, so you can argue neoliberalism is promoted by center-left parties as long as you're defining the center as being to the right of that. Since this post seems to be about the United States, that center is already pretty far to the right as measured from, say, Denmark (picked a name out of a hat). I think the bigger argument here is about US-defaultism rather than whether or not it's OK for Americans to describe things in terms that relate to their political climate.

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[-] Phantom_Engineer@lemmy.world 2 points 1 year ago

Yeah, and it sucks. Eff the neoliberals. All my homies hate neoliberals.

[-] volodymyr@kbin.social 2 points 1 year ago

This is very interesting and not discussed enough, thanks for sharing. Could you refer to some materials, where did you learn it?

[-] Candelestine@lemmy.world 1 points 1 year ago

And tbf, the portion of the right that is legit fascist kinda actually hates all those things. They've no love at all for their more economically-oriented allies.

[-] snek@lemmy.world 1 points 1 year ago

Take Jordan for example, a county being ruined day after day by neoliberal policies and ruthless privatization.

It's good to read what neoliberalism has done to some country in practice: https://www.iai.it/en/pubblicazioni/jordans-protests-and-neoliberal-reforms-walking-thin-ice

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[-] afraid_of_zombies2@lemmy.world 1 points 1 year ago

The biggest thing to mention about neoliberals is that they are strongly pro student loan debt slavery.

[-] ZapBeebz_@lemmy.world 1 points 1 year ago

ELI5: The difference between neoliberal (as defined above) and libertarianism.

[-] theinspectorst@kbin.social 3 points 1 year ago

Here's a good short article about neoliberalism that helps distinguish it from libertarianism.

In short, I'd say libertarians view free markets as an end in themselves; and neoliberals view free markets as a powerful means to generate wealth and prosperity, but are realistic about the needs for state intervention either to address market failures or to distribute the wealth created (which, as the article notes, is something markets aren't always good at).

[-] doom_and_gloom@lemmy.ml 2 points 1 year ago* (last edited 1 year ago)
[-] kabe@lemmy.world 1 points 1 year ago* (last edited 1 year ago)

Neoliberalism is more focused on free trade and globalism, whereas libertarianism focus more on individual liberties and minimal governmental intervention in all aspects of society, not just economically.

Sorry if that's not ELI5, but that's the gist.

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this post was submitted on 26 Jun 2023
98 points (94.5% liked)

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