Why YSK: I’ve noticed in recent years more people using “neoliberal” to mean “Democrat/Labor/Social Democrat politicians I don’t like”. This confusion arises from the different meanings “liberal” has in American politics and further muddies the waters.
Neoliberalism came to the fore during the 80’s under Reagan and Thatcher and have continued mostly uninterrupted since. Clinton, both Bushs, Obama, Blair, Brown, Cameron, Johnson, and many other world leaders and national parties support neoliberal policies, despite their nominal opposition to one another at the ballot box.
It is important that people understand how neoliberalism has reshaped the world economy in the past four decades, especially people who are too young to remember what things were like before. Deregulation and privatization were touted as cost-saving measures, but the practical effect for most people is that many aspects of our lives are now run by corporations who (by law!) put profits above all else. Neoliberalism has hollowed out national economies by allowing the offshoring of general labor jobs from developed countries.
In the 80’s and 90’s there was an “anti-globalization” movement of the left that sought to oppose these changes. The consequences they warned of have come to pass. Sadly, most organized opposition to neoliberal policies these days comes from the right. Both Trump and the Brexit campaign were premised on reinvigorating national economies. Naturally, both failed, in part because they had no cohesive plan or understanding that they were going against 40 years of precedent.
So, yes, establishment Democrats are neoliberals, but so are most Republicans.
I’ve also recently noticed people claiming to be “neoliberals” but apparently meaning something like “progressive Democrat” and it’s really confusing so I appreciate this post. It’s already bad enough “liberal” has a bunch of different definitions, pretending neoliberalism is something else isn’t going to help anything or anyone.
Much the same way people on the left have been adopting the Republican definition of socialism, as in any time the government does anything. Like having basic welfare or some such suddenly equals socialism.
Now people have been overusing neoliberal so much that the ill informed have started using it for people that are clearly pro government spending, pro social safety net, pro regulation, etc. Discussion becomes unhelpful when people redefine the means by with we identify ideologies.
By the same token though, doesn’t socialism exactly mean basic welfare? Doesn’t socialism just boil down to looking after every member of society equally, such as with basic welfare if they aren’t working or universal healthcare to make sure anyone can access it regardless of station or wealth?
When it comes to defining economic systems, no. Unless the workers own the means of production, it’s not socialism. Even social democracies like the Nordic countries is just capitalism with safety nets and strong unions, not socialism. Calling such a system socialism only muddies the waters, which is exactly why Republicans do it, to conflate basic welfare systems and unions with evil socialism! We shouldn’t empower Republican talking points.
The neoliberals try claiming china’s accomplishments as their own? Pathetic.
So, while you’re 100% correct about neoliberalism not belonging to either the left or the right, your basic description of neoliberalism isn’t correct. What you describe (deregulation, positive valuation of wealth generation, free markets, etc) is just liberal capitalism.
Neoliberalism names the extension of market-based rationalities into putatively non-market realms of life. Meaning, neoliberalism is at play when people deploy cost/benefit, investment/return, or other market-based logics when analysing options, making decisions, or trying to understand aspects of life that aren’t properly markets, such as politics, morality/ethics, self-care, religion, culture, etc.
A concrete example is when people describe or rationalize self-care as a way to prepare for the workweek. Yoga, in this example, becomes of an embodiment of neoliberalism: taking part in yoga is rationalized as an investment in self that results in greater productivity.
Another example: how it seems that most every public policy decision is evaluated in terms of its economic viability, and if it isn’t economically viable (in terms of profit/benefit exceeding cost/investment) then it is deemed a bad policy. This is a market rationality being applied to realms of life that didn’t used to be beholden to market rationalities.
Hence the “neo” in “neoliberalism” is about employing the logics of liberalism (liberal capitalism, I should say) into new spheres of life.
A good (re)source for this would be Foucault’s Birth of Biopolitics lectures, which trace the shift from Liberalism to Neoliberalism. As well, there’s excellent literature coming out of anthropology about neoliberalism at work in new spheres, in particular yoga, which is why I used it as my example here.
Yes! For anyone wanting more reading on the subject, Start here https://prospect.org/economy/neoliberalism-political-success-economic-failure/ Monbiot is also a good primer: https://www.astrid-online.it/static/upload/monb/monbiot_guardian_15_04_16.pdf
And tbf, the portion of the right that is legit fascist kinda actually hates all those things. They’ve no love at all for their more economically-oriented allies.
They don’t “think it”, as if they’re confused, they’re implicitly defining “left” as socialist, or at least anti-capitalist.
