July 11th, 2024

What was neoliberalism? The mythical era of deregulation and growth-at-all-costs

The term "neoliberalism" is critiqued in political discourse. The Hewlett Foundation funds programs challenging it as a free-market approach causing societal issues. Shifts in perception and policy implications are debated.

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What was neoliberalism? The mythical era of deregulation and growth-at-all-costs

The term "neoliberalism" has evolved over time and is now a focal point in political discourse, particularly critiqued by those challenging establishment ideologies. The Hewlett Foundation funds programs critiquing neoliberalism, framing it as a free-market, growth-centric approach causing societal issues. However, the notion that the past 50 years have been dominated by growth-at-all-costs policies is debated, with examples of increased environmental regulations and anti-growth sentiments influencing policy. The shift in neoliberalism's perception is evident, with leaders like Reagan and Clinton embracing anti-government sentiments, although government programs continued to expand. Regulations in the neoliberal era often prioritize non-growth goals, such as consumer safety or environmental protection. While the Reagan Revolution brought significant changes like deregulation and increased economist influence, recent administrations have challenged aspects of neoliberalism. The discussion around neoliberalism reflects broader shifts in economic and political ideologies over the past decades, with varying interpretations and implications for policy-making.

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Link Icon 2 comments
By @wkat4242 - 9 months
Has it ended?? As far as I know we're still in full on hard neoliberalism.
By @illuminant - 9 months
Wasn't deregulation and infinitely above average growth a so-called-conservative playbook?