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So confused by the use of “liberal economics” here. Was Brexit liberalism? Is privatizing NHS liberalism? In the US, that would be the conservative wing, not liberal.
“Liberal” is defined differently in the context of economics vs politics. It doesn’t mean “economics that political liberals support”.
The author is British. Liberalism in its theoretical aspects autonomy, equality of opportunity, freedom of choice, protection of individual rights is a wonderful promise. But the author argue that in our unchecked capitalist environment it's just a pipe dream which leaves individual vulnerable and exposed to exploitation.
It's only confusing because of America. Liberalism is basically the political ideology of capitalism.
https://en.wikipedia.org/wiki/Liberalism
Liberalism is not what people in the USA understand by the word (i.e. anything left of pretty far right). If you hang out with socialists you'll find they're not fond of liberals, because liberals are capitalists. This meaning of the word is why the most damaging, ultra-capitalist, right-wing economic policies of the past 50 years are known as neoliberalism.
Was Brexit liberalism?
No.
Is privatizing NHS liberalism?
Yes.
Economic liberalism is about free markets and globalization. Privatization fits with that; protectionism doesn't.
Interesting article, thanks for sharing
The infamous Chicago Club sold that trash and when it failed, organized violent coups all over the world, Chile being the most outrageous example.
Eh, are we less free now? I don't think it's correlated with economics
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this post was submitted on 24 Jul 2023
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Work Reform
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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
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