Neoliberalism: The Economic Model: Origins, Theory, Definition (2005)

Dandelion Salad

Dandelion Salad

Original source: Neoliberalism

Neoliberalism: The economic model: origins, theory, definition

Since the 1990’s activists use the word ‘neoliberalism’ for global market-liberalism (’capitalism’) and for free-trade policies. In this sense, it is widely used in South America. ‘Neoliberalism’ is often used interchangeably with ‘globalisation’. But free markets and global free trade are not new, and this use of the word ignores developments in the advanced economies. The analysis here compares neoliberalism with its historical predecessors. Neoliberalism is not just economics: it is a social and moral philosophy, in some aspects qualitatively different from liberalism.

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