Neoliberal ideology doesn’t advocate for a complete free market without any state intervention, that’s the oldest Classical Liberal ideology. Neoliberal ideology allows the bourgeois state to meddle in the market as long as it does it on behalf of the bourgeoise.
Hence artificially suppressing inflation is fine. Propping up banks and corporations and socializing their losses is fine. Artificially increasing unemployment is fine.
I mean in truth neoliberal is just an ideological front for class warfare in practice.
But ideologically neoliberalism very much does conceive of itself as a return to late 19th century "classical liberal" principles. Its just that they constantly violate their own so-called principles routinely because their ideology is dumb and wrong and fails constantly. But they pretend the logic is sound every time.
Nah something like a fiat currency controlled by a central bank with price controls to manipulate the economy was definitely not acceptable to a Classic Liberal, while it is the center of Neoliberal thought. There is a difference
Neoliberal ideology doesn’t advocate for a complete free market without any state intervention, that’s the oldest Classical Liberal ideology. Neoliberal ideology allows the bourgeois state to meddle in the market as long as it does it on behalf of the bourgeoise.
Hence artificially suppressing inflation is fine. Propping up banks and corporations and socializing their losses is fine. Artificially increasing unemployment is fine.
I mean in truth neoliberal is just an ideological front for class warfare in practice.
But ideologically neoliberalism very much does conceive of itself as a return to late 19th century "classical liberal" principles. Its just that they constantly violate their own so-called principles routinely because their ideology is dumb and wrong and fails constantly. But they pretend the logic is sound every time.
Nah something like a fiat currency controlled by a central bank with price controls to manipulate the economy was definitely not acceptable to a Classic Liberal, while it is the center of Neoliberal thought. There is a difference