(PanamPost) Left-wing activist George Monbiot recently published a diatribe against “neoliberalism” in the Guardian, which went massively viral. Its title alone–“Neoliberalism–the ideology at the root of all our problems”–suggests that he is trying to blame the “neoliberal” political and economic system for practically all of humanity’s ills.
The initial problem with Monbiot’s article is the author fails to define the term “neoliberalism.” He merely tries to equate it with other schools of political thought that are well-defined and more visible, such as classical liberalism and libertarian liberalism.
So what is neoliberalism? Having revised 148 academic essays, political scientists Taylor Boas and Jordan Gans-Morse conclude that the term “neoliberalism” is employed much more often by academics opposed to free markets than by proponents of economic liberalism. […]
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