Sorry to be pedantic, but what does Adam Smith have to do with neoliberal capitalism? Something tells me this guy has zero idea about what he’s talking about.
Adam Smith as the "founder of capitalism" is like Columbus discovering America, it is just simply a pop culture reference that nobody cares to correct at this point. So this is no more extraordinary than Americans that can't point to Afghanistan, Iraq, Iran etc on the map.
But I think it is also possible that this is a deliberate tactic because neoliberals are all alive and ruling today, by shifting the blame to someone dead over 200 years ago maybe they hope to convince people that it is Adam Smith's fault and not the people in Wall Street or the Fed.
It is one thing to say things are bad or getting worse, it is another thing to start pointing fingers. It is quite possible he knows exactly what he is doing actualy.
Neoliberal capitalist ideology is derived from the Chicago school of neoclassical economics in the 1970s
There are very obvious precursors to neoliberalism like Von Mises and then Hayek. Who also oversaw humanity annihilating nature in rapacious amounts that was only limited by the relatively smaller population size of humanity.
Adam Smith's vile maxim is pretty close to the basis of a lot of neoliberal thought too.
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Adam Smith as the "founder of capitalism" is like Columbus discovering America, it is just simply a pop culture reference that nobody cares to correct at this point. So this is no more extraordinary than Americans that can't point to Afghanistan, Iraq, Iran etc on the map.
But I think it is also possible that this is a deliberate tactic because neoliberals are all alive and ruling today, by shifting the blame to someone dead over 200 years ago maybe they hope to convince people that it is Adam Smith's fault and not the people in Wall Street or the Fed.
It is one thing to say things are bad or getting worse, it is another thing to start pointing fingers. It is quite possible he knows exactly what he is doing actualy.
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Well this guy has definitely studied and understood his intellectual antecedents.
There are very obvious precursors to neoliberalism like Von Mises and then Hayek. Who also oversaw humanity annihilating nature in rapacious amounts that was only limited by the relatively smaller population size of humanity.
Adam Smith's vile maxim is pretty close to the basis of a lot of neoliberal thought too.
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They had financial capital in the 1800s. This is just liberal revisionism.
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Michael Hudson just wrote a book about this. Very timely! Maybe we should advocate for it for the next book club book?
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Saying neoliberalism is some new form of capitalism is more liberal than what he's saying.
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