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Response to DetlefK (Original post)

Mon Jun 27, 2016, 12:13 PM

61. David Harvey uses the term neoliberalism to describe Lewis Powell's 1971 confidential memorandum to

 

Please note that we are living under neo-liberal policies - they are at the core of our inequality and lack of opportunity, just like they were when we supported them on the side of the dictator Pinochet in Chile.

People voted the way they did because they are scared. These policies are helping make us more insecure every day.

One cannot divorce this from the issue if they want to be taken seriously.


Note - it has nothing to do with being a liberal



...
David Harvey uses the term neoliberalism to describe Lewis Powell's 1971 confidential memorandum to the US Chamber of Commerce.[54] A call to arms to the business community to counter criticism of the free enterprise system, it was a significant factor in the rise of conservative organizations and think-tanks which advocated for neoliberal policies, such as The Heritage Foundation, The Cato Institute, Citizens for a Sound Economy, Accuracy in Academia and the Manhattan Institute for Policy Research. For Powell, universities were becoming an ideological battleground and recommended the establishment of an intellectual infrastructure to serve as a counterweight to the increasingly popular ideas of Ralph Nader and other opponents of big business.[56][57]

Neoliberalism gained prominence in the United States in 1981 with policies put into place by the Reagan Administration which included tax cuts, increased defense spending, financial deregulation and trade deficit expansion. Congress followed Reagan's basic proposal and cut federal income taxes across the board by 25% in 1981.[58][59]

During the 1990s, the Clinton Administration also embraced neoliberalism by supporting the passage of the North American Free Trade Agreement, continuing the deregulation of the financial sector through passage of the Commodity Futures Modernization Act and the repeal of the Glass–Steagall Act, and implementing cuts to the welfare state through passage of the Personal Responsibility and Work Opportunity Act.[59][60][61] The neoliberalism of the Clinton Administration differs from that of Reagan as the former purged it of neoconservative positions on militarism, family values, opposition to multiculturalism and neglect of ecological issues.[55]:50-1
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