DU Poll: Third Way or FDR?

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16. Hillary Clinton is a neo-liberal. Third Way is a form of neo-liberalism.

Bernie Sanders and FDR / New Deal / Great Society liberal Democrats espouse Keynesian economics.

From wiki: https://en.wikipedia.org/wiki/Neoliberalism

Neoliberalism (or sometimes neo-liberalism)[1] is a term which has been used since the 1950s[2], but became more prevalent in its current meaning in the 1970s and 80s by scholars in a wide variety of social sciences[3] and critics[4] primarily in reference to the resurgence of 19th century ideas associated with laissez-faire economic liberalism.[5] Its advocates support extensive economic liberalization policies such as privatization, fiscal austerity, deregulation, free trade, and reductions in government spending in order to enhance the role of the private sector in the economy.[6][7][8][9][10][11][12] Neoliberalism is famously associated with the economic policies introduced by Margaret Thatcher in the United Kingdom and Ronald Reagan in the United States.[7] The implementation of neoliberal policies and the acceptance of neoliberal economic theories in the 1970s are seen by some academics as the root of financialization, with the financial crisis of 2007–08 one of the ultimate results.[13][14][15][16][17]

The definition and usage of the term has changed over time.[6] It was originally an economic philosophy that emerged among European liberal scholars in the 1930s in an attempt to trace a so-called 'Third' or 'Middle Way' between the conflicting philosophies of classical liberalism and socialist planning.[18] The impetus for this development arose from a desire to avoid repeating the economic failures of the early 1930s, which were mostly blamed by neoliberals on the economic policy of classical liberalism. In the decades that followed, the use of the term neoliberal tended to refer to theories at variance with the more laissez-faire doctrine of classical liberalism, and promoted instead a market economy under the guidance and rules of a strong state, a model which came to be known as the social market economy.

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Opponents of neoliberalism commonly argue the following points:

Globalization can subvert nations' ability for self-determination.

The replacement of a government-owned monopoly with private companies, each supposedly trying to provide the consumer with better value service than all of its private competitors, removes the efficiency that can be gained from the economy of scale.[169]

Even if it could be shown that neoliberal capitalism increases productivity, it erodes the conditions in which production occurs long term, i.e., resources/nature, requiring expansion into new areas. It is therefore not sustainable within the world's limited geographical space.[170]

Exploitation: critics consider neo-liberal economics to promote exploitation and social injustice.

Negative economic consequences: Critics argue that neo-liberal policies produce economic inequality.[171]
Mass incarceration of the poor: some critics claim that neoliberal policies result in an expanding carceral state and the criminalization of poverty.[172][124]

Increase in corporate power: some organizations and economists believe neoliberalism, unlike liberalism, changes economic and government policies to increase the power of corporations, and a shift to benefit the upper classes.[173][174]

Anti-democratic: some scholars contend that neoliberalism undermines the basic elements of democracy.[175]
There are terrains of struggles for neoliberalism locally and socially. Urban citizens are increasingly deprived of the power to shape the basic conditions of daily life.[176]

Trade-led, unregulated economic activity and lax state regulation of pollution lead to environmental impacts or degradation.[177]
Deregulation of the labor market produces flexibilization and casualization of labor, greater informal employment, and a considerable increase in industrial accidents and occupational diseases.[178]

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