General Discussion

HooptieWagon

(17,064 posts)

7. An economic theory originating from "Chicago school" economists.

Sat Jul 18, 2015, 12:49 PM

Jul 2015

They were in favor of free-rein capitalism, with little government interference. What govt involvement there is is to protect capital interests. Small government, privatizing usual govt roles like education and such.
It's the economic theory advocated by Libertarians / Randians, but also the GOP Reaganomics/trickle-down borrows heavily from neo-liberal school of thought. The DLC/Third Way also borrows from the neo-liberal school, but at least includes a minimal amount of economic oversight by govt, and somewhat of a safety-net for people falling through the cracks.
Where and whenever neo-liberal economics have been applied, they have failed miserably.

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What does the term 'Neoliberal' mean to you? [View all] HFRN Jul 2015 OP

Unfettered, unregulated, laissez-faire economics. PotatoChip Jul 2015 #1

This ^^^^, to the letter. nt ChisolmTrailDem Jul 2015 #2

And why isn't that conservative? brooklynite Jul 2015 #29

Neo-liberal = neo-conservative. Betty Karlson Jul 2015 #30

Who said it isn't conservative? PotatoChip Jul 2015 #36

Do you know the history of the term? It doesn't mean "liberal".., JHB Jul 2015 #44

^^Yes HFRN Jul 2015 #46

Potato Chip has it right. n/t TexasProgresive Jul 2015 #3

I'll let this picture explain what it means to me ram2008 Jul 2015 #4

I would consider him a neocon. MelungeonWoman Jul 2015 #5

No. Neocons are "neo" (new) about their "con" (conservative) positions tblue37 Jul 2015 #14

Privatization, deregulation, tax cuts and austerity. n/t pampango Jul 2015 #6

An economic theory originating from "Chicago school" economists. HooptieWagon Jul 2015 #7

Someday, assuming that our species survives the next century, hifiguy Jul 2015 #20

The Neo-liberal human laboratory for Chicago School economics was post-coup Chile. leveymg Jul 2015 #27

Yes. A friend of mine was a student of Victor Jara's. HooptieWagon Jul 2015 #28

Here's Springstein's opus to Victor Jara, singing "Manifesto" (2013) leveymg Jul 2015 #33

Yep. hifiguy Jul 2015 #41

Derisive term for Democrats that think differently. Hoyt Jul 2015 #8

Bill Clinton was mostly neo-liberal. HooptieWagon Jul 2015 #12

"Mostly????" hifiguy Jul 2015 #19

How so? He doesn't believe in "unfettered, unregulated" capitalism. pnwmom Jul 2015 #37

Agreed. Obama is not a Laissez-Fairist. Even a fair amount of Republicans aren't Laissez-Fairists nt stevenleser Jul 2015 #55

+1 LordGlenconner Jul 2015 #24

Correction-- for Democrats who think *like Ronald Reagan*. Marr Jul 2015 #54

Neocon, neoliberal, two different names for the same kind of crap. hobbit709 Jul 2015 #9

Here: HooptieWagon Jul 2015 #10

In a nutshell... Zorra Jul 2015 #11

Neoliberal was the first caveman to paint a donkey on a cave wall... Freelancer Jul 2015 #13

Neoliberalism as a puzzle: the useless global unity which fragments and destroys nations Zorra Jul 2015 #15

To keep it short: DFW Jul 2015 #16

Economic feudalism married to high-tech surveillance state fascism. hifiguy Jul 2015 #17

Dumb ass belligerent policy in international affairs. bemildred Jul 2015 #18

Someone who overtly supports Social Justice issues... MicaelS Jul 2015 #21

I see what you did there. hifiguy Jul 2015 #23

I am a Progressive, I wont use the liberal word to describe myself StopTheNeoCons Jul 2015 #22

So, to you, the word liberal is stigma -- 'the L word'? I don't get that at all. Freelancer Jul 2015 #34

University of Chicago School of Economics bringing democracy to Chile by overthrowing its democracy. Octafish Jul 2015 #25

The current front runner in the Dem Race. Katashi_itto Jul 2015 #26

She isn't neoliberal. She doesn't believe in "unfettered, unregulated" capitalism. pnwmom Jul 2015 #38

"Republican." CharlotteVale Jul 2015 #31

What's next? Neosocialist for those who aren't Puritopians redstateblues Jul 2015 #32

Conservatives who advertise themselves as "not as bad" as Republicans. Tierra_y_Libertad Jul 2015 #35

Free trade liberals nt arely staircase Jul 2015 #39

So FDR and JFK liberals? Drunken Irishman Jul 2015 #42

Milton Friedman, laissez-faire economics, etc. gollygee Jul 2015 #40

'Oh whoops, you said no names'--> i should have clarified, I meant no politician names HFRN Jul 2015 #45

A bullshit term invented because NeoCons didn't like being called names. Atman Jul 2015 #43

I think the term might have started in the UK gollygee Jul 2015 #47

Corporatism Puzzledtraveller Jul 2015 #48

Hypocritical overly sensitive version of a liberal romanic Jul 2015 #49

I don't think I'd include "warmonger" here eridani Jul 2015 #50

to me a neoliberal restorefreedom Jul 2015 #51

DLC Democrat. roamer65 Jul 2015 #52

The DLC folded their tent years ago. That meme is getting lame. MADem Jul 2015 #58

It has nothing to do with Republicans or Democrats. Marr Jul 2015 #53

Corporate jerk offs Populist_Prole Jul 2015 #56

"Stick 'em up, sucker!" Warpy Jul 2015 #57