Re:The Corporate Contradictions of Neoliberalism
by dragonwriter on Tuesday June 06, 2017 @06:56PM
(#14502205)
> Neoliberalism got bit by this harder than most because it actually did "take over the world"
No, it got bit by it because the real-world thing now called "neoliberalism" (since about the 1980s) has no connection whatsoever to the politico-economic theory called "neoliberalism"; the latter was an 1930s path between classical unconstrained capitalism and socialism, the former is just a new name applied to the internationalization of unconstrained capitalism.
(This isn't just a neoliberalism thing: any political philosophy will be different in theory than when it has to meet the real world. Neoliberalism got bit by this harder than most because it actually did "take over the world" and, admittedly, because it pretty much sows the seeds of cronyism in its fundamental principles)
Long story short, it could've been a good idea but it went badly wrong, and there are some people who are trying to figure out a way to have just the good bits.