Here’s hoping that this headache–neo-liberal BS–goes away one day. This is a post meant to contain resource material for the study of Neoliberalism and its effect on the world:
1) The rule of the market
2) cutting expenditures for social services
5) eliminating the concept of “the public good” or”community
And to start off the send-off here’s a quote from the man himself, Milton Freedman.
Milton Friedman — “It never occurred to me at the time that I was helping to develop machinery that would make possible a government that I would come to criticize severely as too large, too intrusive, too destructive of freedom. Yet, that is precisely what I was doing. [My wife] Rose has repeatedly chided me over the years about the role that I played in making possible the current overgrown government we both criticize so strongly.”
Here’s The Milton Friedman Choir singing about Friedman’s definition of a corporation. This clip can be found in the DVD special features section of The Corporation.
John Quiggin — ” Despite being spectacularly discredited by the global financial crisis, the ideas of market liberalism continue to guide the thinking of most policymakers. Economics must take new directions in the 21st century if it is to remain a socially useful body of thought.”
Will Rodgers–“The money was all appropriated for the top in the hopes that it would trickle down to the needy. Mr. Hoover didn’t know that money trickled up. Give it to the people at the bottom and the people at the top will have it before night, anyhow. But it will at least have passed through the poor fellow’s hands.”
Joseph Stiglitz — “If you believe that markets are always self-correcting, that they always take care of themselves, that you don’t need regulation—even when the evidence comes in, that that’s not true—the question is, do you think it’s a minor adjustment that’s required, or do you think there’s a more major overhaul that’s required?… Or is the real problem with the design of the system.”
“The ideology of neo-liberal globalization was not in fact a new idea in the history of the modern world-system, although it claimed to be one. It was rather the very old idea that the governments of the world should get out-of-the-way of large, efficient enterprises in their efforts to prevail in the world market.”writes Immanuel Wallerstein, YaleGlobal. 2008: The Demise of Neoliberal Globalization
1) The rule of the market2) cutting expenditures for social services3) deregulation4) privatization5) eliminating the concept of “the public good” or “community.”
“Neo-liberalism is the great economic paradigm of our lifetime–Noam Chomsky
Links for Further Reading:
Neo-liberalism and Economic Globalization: “The goal of neoliberal economic globalization is the removal of all barriers to commerce, and the privatization of all available resources and services. In this scenario, public life will be at the mercy of market forces, as the extracted profits benefit the few,” writes Rajesh Makwana.
- What is Neoliberalism? (21stcenturytheater.wordpress.com)
- The Architect Of Trickle Down Economics Finally Put In His Place (addictinginfo.org)
- Neoliberal ‘free’ market vs free market (aquariuswolf.wordpress.com)
- I Find Myself In a New Book About Neoliberalism (slog.thestranger.com)
- Dispossession of Aboriginal land for the benefit of mining companies (nuclear-news.net)
- World’s Dumbest Idea (financialsurvivalnetwork.com)
- Why Nothing Is Done about Climate Change (rhizomatick.wordpress.com)