Neoliberalism

Neoliberalism is a term for different social and economic ideas. Originally the term was used by a group of liberals who helped shape social market economy in the mid 20th century. Today, this term is mostly used by people who are critical of the ideas of globalisation and as well by trade unionists.

The ideas were developed by the economists Friedrich Hayek, Wilhelm Röpke, Walter Eucken, as well as other less prominent thinkers. They were first presented at a conference in 1938.

What do neoliberals want?

Neoliberals want a free market economy, with everything it stands for (private property of the means of production, the freedom for the market price to establish itself, the freedom of everyone to do what they want, etc.). They see however, that in some cases the freedom of the market fails or it does not yield the results wanted. In such cases, the state should intervene. The main focus of the state should therefore be measures to regulate the following:

  • Monopolies and cartels.
  • Social fairness
  • Equal opportunities for everyone
  • Internalising external effects
  • Decreasing the effects of fluctuating business cycles.

Neoliberals are against lobbying of groups, state interventions that aim to protect national interests, like protective tariffs or subsidies. Neoliberalism is also against a centrally governed economy, and frowns upon the Laissez-faire of classical Liberalism.

Other Languages
العربية: نيوليبرالية
aragonés: Neoliberalismo
asturianu: Neolliberalismu
azərbaycanca: Neoliberalizm
български: Неолиберализъм
English: Neoliberalism
español: Neoliberalismo
Esperanto: Novliberalismo
français: Néolibéralisme
Gàidhlig: Nua-libearalas
한국어: 신자유주의
hrvatski: Neoliberalizam
Bahasa Indonesia: Neoliberalisme
íslenska: Nýfrjálshyggja
italiano: Neoliberismo
Basa Jawa: Néoliberalisme
latviešu: Neoliberālisms
lietuvių: Neoliberalizmas
lumbaart: Neoliberism
Bahasa Melayu: Neoliberalisme
日本語: 新自由主義
norsk nynorsk: Nyliberalisme
português: Neoliberalismo
română: Neoliberalism
sicilianu: Neulibbirismu
slovenčina: Neoliberalizmus
српски / srpski: Неолиберализам
srpskohrvatski / српскохрватски: Neoliberalizam
svenska: Nyliberalism
Türkçe: Neoliberalizm
українська: Неолібералізм