Elizabeth Martinez and Arnoldo Garcia: What is Neoliberalism?

Useful summary of neoliberalism.

Vox Populi

A Brief Definition for Activists

“Neoliberalism” is a set of economic policies that have become widespread during the last 25 years or so. Although the word was rarely heard in the United States until recently, you can clearly see the effects of neoliberalism here as the rich grow richer and the poor grow poorer.

“Liberalism” can refer to political, economic, or even religious ideas. In the U.S. political liberalism has been a strategy to prevent social conflict. It is presented to poor and working people as progressive compared to conservative or Rightwing. Economic liberalism is different. Conservative politicians who say they hate “liberals” — meaning the political type — have no real problem with economic liberalism, including neoliberalism.

“Neo” means we are talking about a new kind of liberalism. So what was the old kind? The liberal school of economics became famous in Europe when Adam Smith, an Scottish economist…

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