How is Chinese socialism different from neoliberalism? Is the main difference just lying in intent and ideology? They both believe in regulated capitalism. Chinese has its concrete goal to reach communism and Neoliberalism believes in magic hand of markets to just do good somehow?
What else am I missing? I understand it's probably a lot and that im being really reductive but this is why u ask questions ig
The prime difference between neoliberalism and classical liberalism is that neoliberalism embraces a powerful and activist state. Neoliberals view the state as the active creator and enforcer of markets and the ideology that is required to make it work. This is why the ACA wasnt just a liberal project, it was incredibly neoliberal, it created makets where there were none and forced market mechanisms onto people. In this sense neoliberalism is incredibly authoritarian, it takes the guise of freedom of choice, but the reality is you dont have a choice. You cant choose anything BUT the market, so what if the market only offers 4 equally shitty healthcare plans, and a national socialized system is objectively better, you cant pick that pick a market choice. The latter bit is critical, because not only is it the structural implementation of markets, but the ideological ones.