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In reply to the discussion: Bernie Sanders lambasts 'absolute failure' of Democratic party's strategy [View all]TheBlackAdder
(29,718 posts).
https://en.wikipedia.org/wiki/Neoliberalism
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Neoliberalism (neo-liberalism)[1] refers primarily to the 20th-century resurgence of 19th-century ideas associated with laissez-faire economic liberalism.[2] These include extensive economic liberalization policies such as privatization, fiscal austerity, deregulation, free trade, and reductions in government spending in order to increase the role of the private sector in the economy and society.[10] These market-based ideas and the policies they inspired constitute a paradigm shift away from the post-war Keynesian consensus which lasted from 1945 to 1980.[11][12]
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In the 1960s, usage of the term "neoliberal" heavily declined. When the term was reintroduced in the 1980s in connection with Augusto Pinochet's economic reforms in Chile, the usage of the term had shifted. It had not only become a term with negative connotations employed principally by critics of market reform, but it also had shifted in meaning from a moderate form of liberalism to a more radical and laissez-faire capitalist set of ideas. Scholars now tended to associate it with the theories of economists Friedrich Hayek, Milton Friedman and James M. Buchanan, along with politicians and policy-makers such as Margaret Thatcher, Ronald Reagan and Alan Greenspan.[4][22] Once the new meaning of neoliberalism was established as a common usage among Spanish-speaking scholars, it diffused into the English-language study of political economy.[4] By 1994, with the passage of NAFTA and the Zapatistas' reaction to this development in Chiapas, the term entered global circulation.[3] Scholarship on the phenomenon of neoliberalism has been growing.[15] The impact of the global 20082009 crisis has also given rise to new scholarship that critiques neoliberalism and seeks developmental alternatives.[23]
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Funding, there's a bunch of articles out there):
http://www.salon.com/2013/12/12/third_way_senior_vice_president_admits_majority_of_think_tanks_funding_comes_from_wall_street/
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Reagan, Greenspan, Buchanan, and F. A. Hayek are all concerning indicators that it is a Republican/Democrat hybrid.
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