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Hortensis

(58,785 posts)
79. Today's neoliberalism equates to EXTREMIST CONSERVATISM
Sun Jun 26, 2016, 05:20 AM
Jun 2016

Last edited Sun Jun 26, 2016, 06:17 AM - Edit history (1)

It is the antithesis of modern liberalism. I am a lifelong liberal and I loathe and fear proponents of neoliberalism.

Although neoliberalism has taken good hold in the GOP, largely displacing traditional conservatism, keep moving right, especially the ultraconservative super-rich, because they are the ones who moved neoliberalism from arcane fringe extremism to mainstream university teaching and the halls of Congress.

Neoliberalism embodies everything people are so rightly coming to fear from right-wing economics, and the word itself is being used by right-wing propagandists and by some here on DU to confuse people and falsely suggest that its exploitive, predatory, antidemocratic ideology is the Democratic Party's.

Here, check this out from Dissent Magazine. Your public-to-private is in the second paragraph.

Shenk: Discussions about neoliberalism often treat it as an economic doctrine, which also means that they concentrate on its economic ramifications. You shift the focus to politics, where, you argue, neoliberalism has “inaugurate[d] democracy’s conceptual unmooring and substantive disembowelment.” Why does neoliberalism pose such a threat to democracy?

Brown: The most common criticisms of neoliberalism, regarded solely as economic policy rather than as the broader phenomenon of a governing rationality, are that it generates and legitimates extreme inequalities of wealth and life conditions; that it leads to increasingly precarious and disposable populations; that it produces an unprecedented intimacy between capital (especially finance capital) and states, and thus permits domination of political life by capital; that it generates crass and even unethical commercialization of things rightly protected from markets, for example, babies, human organs, or endangered species or wilderness; that it privatizes public goods and thus eliminates shared and egalitarian access to them; and that it subjects states, societies, and individuals to the volatility and havoc of unregulated financial markets.

Each of these is an important and objectionable effect of neoliberal economic policy. But neoliberalism also does profound damage to democratic practices, cultures, institutions, and imaginaries. Here’s where thinking about neoliberalism as a governing rationality is important: this rationality switches the meaning of democratic values from a political to an economic register. Liberty is disconnected from either political participation or existential freedom, and is reduced to market freedom unimpeded by regulation or any other form of government restriction. Equality as a matter of legal standing and of participation in shared rule is replaced with the idea of an equal right to compete in a world where there are always winners and losers.

The promise of democracy depends upon concrete institutions and practices, but also on an understanding of democracy as the specifically political reach by the people to hold and direct powers that otherwise dominate us. Once the economization of democracy’s terms and elements is enacted in law, culture, and society, popular sovereignty becomes flatly incoherent. In markets, the good is generated by individual activity, not by shared political deliberation and rule. And, where there are only individual capitals and marketplaces, the demos, the people, do not exist.


The article twists a little deep as it unwinds its evolution for scholars. But today's Democratic Party stands for everything neoliberalism is trying to destroy. And, yes, it also is influenced by neoliberals, which have infiltrated all areas of government to some degree, but unlike the GOP it has not fallen to them.

"Four score and seven years ago our fathers brought forth on this continent a new nation, conceived in liberty, and dedicated to the proposition that all men are created equal. ... that we here highly resolve that these dead shall not have died in vain—that this nation, under God, shall have a new birth of freedom—and that government of the people, by the people, for the people, shall not perish from the earth." - Abraham Lincoln

“Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration." - Abraham Lincoln

“I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. . . . corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands and the Republic is destroyed.” - Abraham Lincoln

Btw, as he so clearly evidences, Lincoln's brand-new Republican Party and its leaders bore absolutely no resemblance to today's.

Recommendations

0 members have recommended this reply (displayed in chronological order):

It's become a replacement for the word "establishment" Dr Hobbitstein Jun 2016 #1
Neoliberalism was an anti-mercantilist Hortensis Jun 2016 #61
Asked an OP earlier what he meant by "neoliberal" cuz didn't makes sense George Eliot Jun 2016 #72
Today's neoliberalism equates to EXTREMIST CONSERVATISM Hortensis Jun 2016 #79
she won the primary swhisper1 Jun 2016 #2
What do you mean "catapulted to the fore"? Scootaloo Jun 2016 #3
Nice try Stinky The Clown Jun 2016 #6
I'm sorry, what? Scootaloo Jun 2016 #9
Because it is. Hekate Jun 2016 #73
Maybe it's just that some of you are just now noticing other people talking about it? Scootaloo Jun 2016 #76
"Fascist" became old and overused. NuclearDem Jun 2016 #4
^^^YES^^^ Stinky The Clown Jun 2016 #13
Corporatist, establishment...there had to be a third way BeyondGeography Jun 2016 #31
Ding ding ding... quickesst Jun 2016 #60
And there it is. auntpurl Jun 2016 #62
It's code for "The Unpure". nt sufrommich Jun 2016 #5
Exactly shenmue Jun 2016 #21
Many people use it as a derogatory diss du jour to describe a pol without knowing what it really brush Jun 2016 #66
Because those ideas have been put into place worldwide, some places more, some places less Warpy Jun 2016 #7
^^^this^^^ eom Purveyor Jun 2016 #28
+1000 OrwellwasRight Jun 2016 #33
And it is clear also who objects to the term. alarimer Jun 2016 #49
Exactly. nt laundry_queen Jun 2016 #57
I've only ever seen it here, and only recently Hekate Jun 2016 #75
the complexity explained a little here... ctaylors6 Jun 2016 #69
Spot on. 840high Jun 2016 #70
It's a way to divide us, which is precisely antithetical to what being progressive is about. CrowCityDem Jun 2016 #8
That's not correct. OrwellwasRight Jun 2016 #34
Thank you for the info. I'll read the links. It kind of came up on us libdem4life Jun 2016 #37
The Clinton platform is not, by those words, neoliberal. CrowCityDem Jun 2016 #38
Did i say it was? OrwellwasRight Jun 2016 #45
You, no. But many here have. CrowCityDem Jun 2016 #50
even a dumb dog will SoLeftIAmRight Jun 2016 #78
Quite. n/t lumberjack_jeff Jun 2016 #46
Good post. nt laundry_queen Jun 2016 #58
Thank you! OrwellwasRight Jun 2016 #68
it's moving public $$ to private: think Soc Sec, charter schools, pensions George Eliot Jun 2016 #74
Anybody who uses that term against a fellow DUer is engaging in a personal attack. MohRokTah Jun 2016 #10
Only if you view neoliberalism as a bad thing JonLeibowitz Jun 2016 #29
oh yeah. Repealing Glass-Steagall turned out Ilsa Jun 2016 #36
Exactly. JonLeibowitz Jun 2016 #41
And here we go again...Same Play, Second Act. libdem4life Jun 2016 #39
I'm curious why you equate "Neoliberalism" with a "personal attack" NorthCarolina Jun 2016 #53
It is a game for a few here, they take a term they find offensive and marginalize it Rex Jun 2016 #59
i dunno MFM008 Jun 2016 #11
Not every one knows the meaning. Springslips Jun 2016 #12
Agreed. See Post 4 by NuclearDem, above. Stinky The Clown Jun 2016 #16
That which the US calls 'neoconservative' most of the world calls 'neoliberal'. Bluenorthwest Jun 2016 #14
I know what it means Stinky The Clown Jun 2016 #19
My comment was not intended to be an exact definition of the term but a fun way to point out why Bluenorthwest Jun 2016 #22
wrong. not same arendt Jun 2016 #24
No. Term invented by Hayek in the 40s arendt Jun 2016 #30
I've written diaries using and explaining the term for tears. Just because YOU just noticed the term arendt Jun 2016 #32
Just because YOU used the term for a year is no reason I should have seen it. Stinky The Clown Jun 2016 #52
"DU Sect"? OrwellwasRight Jun 2016 #35
I have repeatedly used the term neo-liberal at DU in the past year and PufPuf23 Jun 2016 #43
"To the fore" where? Do you mean here? Or elsewhere? JHB Jun 2016 #15
I guess jehop61 Jun 2016 #17
ignorance is not funny arendt Jun 2016 #25
Well said...especially that last paragraph. libdem4life Jun 2016 #40
Republican was taken nt sarisataka Jun 2016 #18
lulz Rex Jun 2016 #20
A related article. CentralMass Jun 2016 #23
This ^^^^^ arendt Jun 2016 #26
Catapulted to where? Do you mean here, Europe, the entire globe, or on DU? countryjake Jun 2016 #27
It's a term the populist left use to conflate the establishment left and the establishment right. Donald Ian Rankin Jun 2016 #42
conflate isn't the word you're looking for here. nashville_brook Jun 2016 #51
Very well said. auntpurl Jun 2016 #63
So, it appears HRC is a Neo-liberal. libdem4life Jun 2016 #44
On DU, it seems to commonly mean "anyone to the right of me" TwilightZone Jun 2016 #47
Many of the people who use the term lapucelle Jun 2016 #48
Because a lot Hillary supporters and runaway hero Jun 2016 #54
Your logic kinda pretzeled me. Stinky The Clown Jun 2016 #55
Trump is populist, Hillary (to some) is neo liberal runaway hero Jun 2016 #56
Seemed to appear as a smear word the last few days before GE mode kicked in. emulatorloo Jun 2016 #64
That's what I'm thinking, too. Plus, there was the matter of the word's usage. Stinky The Clown Jun 2016 #65
Agreed, very childish. And it was rarely used in an accurate way. emulatorloo Jun 2016 #80
It's the core LWolf Jun 2016 #67
AFAICT they wore out Third Way and Turd Way as all-purpose insults and had to move on.... Hekate Jun 2016 #71
A neo-liberal is a Democrat who cares about the stock market ProudToBeBlueInRhody Jun 2016 #77
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