Liberal Democrat

Liberal Democrat
Individual Freedom For Everyone

Thursday, March 5, 2015

Sam Seder: Video: Philip Mirowski: How Neoliberalism Survived The Financial Meltdown?

This post was originally posted at The New Democrat on WordPress

To me at least neoliberalism and libertarianism at least when it comes to economics are different things. Economic liberalization where you’re talking about decentralization of the central state and privatizing state-owned industries and companies and empowering people to own property. That is different from saying that the state should simply get-out-of-the-way and just worry about criminals who physically hurt innocent people and steal their property and that sort of thing.

And then move up to the mid and late 1990s economic liberalization has been about empowering people at the bottom and near-bottom and struggling working class to move up and live in economic freedom as well. Through things like education, job training, infrastructure, trade, targeted tax cuts to the struggling middle class and people in poverty. Eliminating unnecessary red tape and that sort of thing.

Today’s so-called ‘Modern Liberals’ who are really the New Socialists, people who aren’t Marxists, but still Socialists because of the amount of involvement they want government to have in the economy hate these policies. Because it means less power for the state and more freedom and choice for the individual. The New Socialist or Social Democrat wants the power to be in the hands of the central government on behalf of the people to be used for everyone’s benefit. Under the theory when we are more collectivist less individualistic, we move better as a society. Than when the people have the freedom to fail or succeed.