What is Neoliberalism?
Executive Summary
- Neoliberalism is an elite model of exploitive economics in line with the British School of Economics.
Introduction
Neoliberalism is a political philosophy that is highly connected to private banking interests. It is the dominant philosophy of both the US Democratic Party and Republican Party. Neoliberalism is marked by globalism and low taxes for corporations, using free markets to justify elite interests exploiting nonelite. Neoliberalism is about constant competition against workers. Competition is caused by high degrees of trade, which causes competition from import goods. And supporting mass immigration. This brings in people from developing countries to wealthier countries, bringing down wages in wealthier countries. This is, of course, the policies of the EU. People or countries that do not agree to follow neoliberalism are called racists for not wanting the drive down wages with these policies. For example, Brexiters in England were not allowed to vote for leaving the EU without being character assassinated and called racists. In the US, if you oppose not only immigration but illegal immigration (which comes from developing countries), you are also called a racist. Died in the wool, Democrats will turn a blind eye to the connections between private banking interests, and the Democrats will be quick to call those that oppose low-wage immigration “disgusting.” In her now-famous speech, Hillary Clinton, highly connected to Wall Street and also to the Indian H1-B lobby, called 1/2 of Trump supporters the “basket of deplorables.”
However, it was not just Trump supporters but those that supported Bernie Sanders. Sanders supporters were called sexists for opposing the progress that a woman candidate would provide. Neoliberalism is also marked by both high competition among labor and a lack of competition among the elites. While posing as progressive, neoliberals completely ignore the treatment of workers. In fact, in the book by Thomas Frank called Listen Liberal, he explains how the Democrats began to disdain normal workers in the 1990s under Bill Clinton. This was under the “New Democrats” model, where Democrats would go upmarket and cater to the most educated workers, not blue collar workers, who had been the base of the Democratic Party. Bill Clinton, of course, pushed forward NAFTA and China’s admission into the Most Favored Nation Status. Any concerns around labor standards or what would happen to US workers have been brushed away as xenophobia. When manufacturing moved to China and Mexico, which have very poor labor protections and meager wages, neoliberals never bring up the net reduction in labor standards. It is literally “off the books.” Neoliberalism pushes for more open borders. Through neoliberal institutions like the EU and the IMF, it pushes balanced budget fiscal policy onto countries, leading to economic decline. This produces a large number of economic migrants that seek to immigrate to other countries. This is exactly what has occurred in the EU, with countries like Greece and Croatia having the countrysides emptied of their young people. They then either immigrate to the capital of the country or countries like Germany and England. Neoliberals will normally utter what amounts to vacuous claims of benefits using words like “progress,” “free markets,” etc. These are designed to hypnotize the audience. Neoliberalism is central planning by private banking interests with the government pushed to the side. This is explained in the following quotation.
“But what you now have, since World War I, is a reaction against this, stripping away of the idea that governments have a productive role to play. If government is not the director and planner of the economy, then who is? It’s the financial sector. It’s Wall Street. So the essence of neoliberalism that you were mentioning before, is indeed a doctrine of central planning. It states that the central planning should be done by Wall Street, by the financial sector.” – Michael Hudson
Source: Evonomics
https://evonomics.com/how-financial-parasites-and-debt-bondage/