reply to post by theovermensch
Neoliberal is not specifically for any one political party. As I had said in my post, Neoliberalism arose with the Reagan-Thatcher revolution, the
rise of monetarism. It was generally accepted by the ‘Left’ as well, this created what we now refer to as ‘Third Way’ or New Democrat (US) and
New Labour (UK). They did not pursue the previous leftist economic model but instead seemed to accept the general premise of neoliberal economics.
This includes, but is not limited to; free-trade, corporate globalization, ‘open borders’, military interventionism, low taxes (plus loopholes),
and basically the economic policies of the past 30 years.
With the rise of Obama many on the Left had hoped for the conclusion of this era, a return to an emphasis of native labor, return of manufacturing,
raising taxes on the wealthy and other core policies of the Keynesian model. These hopeful supporters were let down; within 3 months of inauguration
Obama declared himself a “New Democrat” and continued down the same path we had been going since Reagan. This can be observed with an emphasis on
a close cooperation between corporations and government (i.e. the Obama health care reform, Solyndra scandal).
But, why did the New Democrats arise in the first place? Well with Reagan coming into office he, and the entire GOP, became a magnet for Wall Street
investors, this left Democrats in the cold with low financing because Reagan busted up their core financiers; the unions. With the demise of big labor
and the rise of big business as the core group to receive financing from, if the Democratic Party were to remain competitive it would need funding.
From this a new group of Democrats arose led by Al Gore in the Senate to create Democratic policies favorable to business which would lure in
It was a successful move with the first of their kind being nominated in 1992, Bill Clinton, who ran on a populist platform yet governed much more to
the right (economically) than he had previously promised. This brought in a large new base of supporters and further alienating the white working
class due to a combination of cultural liberalism and economic neoliberalism. The professionals, specifically white collar, who made up the core
constituency of pre-Reagan GOP, became firm Democrats during the ‘90s. It is quite clear that Bill Clinton governed, economically, much further to
the right than even (Republican) Gerald Ford.
Murray Rothbard in the 1990s declared that we were about to break the clock of social democracy, little did he know we would do so only by installing
the clock of corporate capitalism. Until we move past this era of neoliberal economics, which is the ideology of both the Third Way (Left) and the
Neoconservative (Right), we will be stuck in a series of rotations between Bill Clinton’s and George Bush’s. It is not a fun place to be.
Also, your assumption that I am a Conservative is correct. I am very much Culturally Conservative but not a big fan of Capitalism. The general premise
of the economic policy has proven to be the most successful, I believe we functioned better in a Social Market Economy like the 1950s and early 1960s
rather than an overregulated welfare state (1965-1980) and a under regulated corporate state (1981-present). I would personally support the growth of
labor unions, a higher minimum wage, and implementation of fair trade, protect the environment but don’t kowtow to environmentalists, a more
progressive tax structure, and elimination of all money in politics to replace it equal funding by the state.
All are left-wing economic policies but I want policies that will make America more stable and secure not some ideological purity experiment.