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fasttense

(17,301 posts)

69. The major problem with neoliberal economic theory and practice

Sat Apr 16, 2016, 08:09 AM

Apr 2016

Is that they don't practice what they preach.

It's all about open markets and letting compitition and the invisible hand weed out the unsuccessful. But when the banks and Wall Street were about to go away due to their in efficiencies and the invisible hand of the market was about to wipe them all out, suddenly they wanted protection. They all were singing the song of collectivism and how we all had to save the banks in oder to save us all from economic horrors. But if they truely practiced what they preached, there would have been NO bailouts, NO central bank loans, NO assistance with foreign debt.

It's ok for the average guy to suffer at the hands of the free market but no so ok when the invisible hand is about to wipe out the really rich guys. Now after the little guys bailed out the rich and suffered the economic collapse, they have the nerve to claim neoleberal economics theory still works. What a CON.

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Highlight:

Neoliberalism � the ideology at the root of all our problems (George Monbiot in The Guardian) [View all] JohnyCanuck Apr 2016 OP

...and kick! bbgrunt Apr 2016 #1

...and rec! tk2kewl Apr 2016 #2

K/R Jack Rabbit Apr 2016 #3

K&R for visibility. Phlem Apr 2016 #4

The most important things for the voting public to understand ... Martin Eden Apr 2016 #5

K&R silverweb Apr 2016 #6

know thine enemy "religion." knr! NuttyFluffers Apr 2016 #7

Mutual Aid: A Factor of Evolution - Peter Kropotkin 1902 Fantastic Anarchist Apr 2016 #63

Read this and consider Hillary. hedda_foil Apr 2016 #8

This is the fundamental disease of our society Fairgo Apr 2016 #9

+10 appalachiablue Apr 2016 #12

and far too many support her SoLeftIAmRight Apr 2016 #10

K & R Neoliberalism, the evil, modern, global scourge of the earth.. appalachiablue Apr 2016 #11

*snort* smirkymonkey Apr 2016 #67

I wish but it's certainly an attribution to Lloyd Blankfein, Chief Exec of Goldman Sachs appalachiablue Apr 2016 #75

So now "Neo-" "means "opposite of-"? lagomorph777 Apr 2016 #13

That is the Reason Reaganomics Became Supply-Side Economics mckara Apr 2016 #19

It was the 'liberalism' part that is reversed IDemo Apr 2016 #24

Ah, so it means the freedom to exploit humans, freedom to blow up other countries.. lagomorph777 Apr 2016 #26

Yes IDemo Apr 2016 #28

All that's true, but I would add...... socialist_n_TN Apr 2016 #45

Also read cover to cover... ReRe Apr 2016 #62

Yep, the terms liberalization and conservatism have different meaning outside the USA AgingAmerican Apr 2016 #74

The "Liberalism" in Neoliberalism is in the classical sense, not the modern American sense. Odin2005 Apr 2016 #41

Non-American libertarians are: Fantastic Anarchist Apr 2016 #65

The Origins of Neoliberalism mckara Apr 2016 #44

This Guardian piece needs to be an OP. Everyone needs to read it. hedda_foil Apr 2016 #50

I Agree, Completely mckara Apr 2016 #53

Thank you for the book info. :>) hedda_foil Apr 2016 #57

Neoliberalism is economic liberalism AgingAmerican Apr 2016 #73

Kick! DJ13 Apr 2016 #14

It's an Economic Theory that Became a Political Manifesto mckara Apr 2016 #15

kick warrprayer Apr 2016 #16

I take it that the TPP is another neo-liberal power grab? Baitball Blogger Apr 2016 #17

Yes. Helen Borg Apr 2016 #22

Certainly echoes the current election Armstead Apr 2016 #18

K& R ..............................I think........................ turbinetree Apr 2016 #20

Very good post! The way neoliberalism looks like on the ground: PatrickforO Apr 2016 #21

Thank god for The Guardian ... again. KPN Apr 2016 #23

Will any Hillary cheerleaders dare enter this thread? LiberalLovinLug Apr 2016 #25

Of course they will enter this thread. There will be many eye-rolly gifs,... Raster Apr 2016 #32

I'm looking forward to your apology when none of the above happens. Nitram Apr 2016 #35

Are you now?... and you are?... Raster Apr 2016 #36

Obviously. Nitram Apr 2016 #78

lol. Its already happening LiberalLovinLug Apr 2016 #39

the hysteria is fucking over the top Skittles Apr 2016 #59

"...the Americanized, feminized, pant-suited face of neoliberalism, running for POTUS" LiberalLovinLug Apr 2016 #37

LiberalLovinThug, your restraint is nothing short of noble. Nitram Apr 2016 #79

All I can say is chervilant Apr 2016 #68

Yes, chervil ant, and give you free reign to be equally derisive, patronizing and verbally abusive. Nitram Apr 2016 #80

K&R. JDPriestly Apr 2016 #27

K&R..... daleanime Apr 2016 #29

And, we're supposed to vote for a neoliberal candidate rather than a socialist because...? Tierra_y_Libertad Apr 2016 #30

Because the 1%ers deem it IN THEIR BEST INTERESTS for us to do so. Raster Apr 2016 #34

Good read malaise Apr 2016 #31

I see. So right wing trickle down theories that destroyed the middle class are neoliberal? Nitram Apr 2016 #33

weird revisionism? more like willful ignorance on your part. Skeeter Barnes Apr 2016 #42

I think some people don't know the difference sus453 Apr 2016 #52

Just because you have friends who misuse words the same way you do doesn't make you less ignorant. Nitram Apr 2016 #81

In order of your questions JoeyT Apr 2016 #56

What an odd distortion of the meaning of liberalism. Nitram Apr 2016 #82

It's nothing like what I associate with liberalism. JoeyT Apr 2016 #83

Laissez-faire capitalism has always been a conservative thing. Nitram Apr 2016 #84

Kick and R BeanMusical Apr 2016 #38

"Democracy is reduced to theatre." Well, we all sure hell can see that! Big K&R for this article! nt valerief Apr 2016 #40

If you define neoliberalism as being at the root of all problems, guess what? beastie boy Apr 2016 #43

Nice job with the artful smear. You've obviously been studying at the foot of the master. Scuba Apr 2016 #64

K-den. Bye bye!! Not my ally. nt stillwaiting Apr 2016 #70

There is one thing that most people don't really "get" about neo-liberalism....... socialist_n_TN Apr 2016 #46

This message was self-deleted by its author silvershadow Apr 2016 #47

And thus Goldman Sachs execs get appointed to Treasury to run federal policy. n/t Admiral Loinpresser Apr 2016 #48

very confusing houston16revival Apr 2016 #49

Thanks for this! Kick!! Recommend!! haikugal Apr 2016 #51

Kick and recommended azmom Apr 2016 #54

It is simple, political libertarians are just confused conservatives. Rex Apr 2016 #55

Really great article, worth reading through � thx! snot Apr 2016 #58

Third Way, you are one of the branches of this tree of follies. eom Betty Karlson Apr 2016 #60

Mutualism. Fantastic Anarchist Apr 2016 #61

Kicked and recommended. Uncle Joe Apr 2016 #66

The major problem with neoliberal economic theory and practice fasttense Apr 2016 #69

KicketyKick zentrum Apr 2016 #71

K to the R! Ligyron Apr 2016 #72

No wonder Neoliberals have been so intent on smearing Liberalism. The two are opposites! Dont call me Shirley Apr 2016 #76

Just remember that the corporations that love neoliberalism are majority own by a few families... DemocracyDirect Apr 2016 #77