YSK that “neoliberal” refers to a discrete set of economic policies including deregulation, privatization, and so-called “free trade” implemented by both center-right and center-left parties
Why YSK: I’ve noticed in recent years more people using “neoliberal” to mean “Democrat/Labor/Social Democrat politicians I don’t like”. This confusion arises from the different meanings “liberal” has in American politics and further muddies the waters.
Neoliberalism came to the fore during the 80’s under Reagan and Thatcher and have continued mostly uninterrupted since. Clinton, both Bushs, Obama, Blair, Brown, Cameron, Johnson, and many other world leaders and national parties support neoliberal policies, despite their nominal opposition to one another at the ballot box.
It is important that people understand how neoliberalism has reshaped the world economy in the past four decades, especially people who are too young to remember what things were like before. Deregulation and privatization were touted as cost-saving measures, but the practical effect for most people is that many aspects of our lives are now run by corporations who (by law!) put profits above all else. Neoliberalism has hollowed out national economies by allowing the offshoring of general labor jobs from developed countries.
In the 80’s and 90’s there was an “anti-globalization” movement of the left that sought to oppose these changes. The consequences they warned of have come to pass. Sadly, most organized opposition to neoliberal policies these days comes from the right. Both Trump and the Brexit campaign were premised on reinvigorating national economies. Naturally, both failed, in part because they had no cohesive plan or understanding that they were going against 40 years of precedent.
So, yes, establishment Democrats are neoliberals, but so are most Republicans.
Globalized trade has been a thing long before neo-liberalism existed, arguably longer than capitalism has existed. Equating neo-liberalism with "global/globalized trade" is incredibly reductive..
EDIT: I read the comment wrong, OP is saying that international/global trade is not inherently bad, not that neo-liberalism is the same thing as international/global trade.
I didn't see that comment as reductive. More like pointing out a part of neo-liberalism that the commenter thought was good.
In other words, the comment is simply "globalized economy is good." The comment is not what you're inferring: "neo-liberalism is good because globalized economy is good "
I'm Georgist, and I agree with you that global trade is good. Why would we purposely do to ourselves what we do to our adversaries during wartime? One certainly doesn't have to subscribe to all of neoliberalism to believe global trade is good.
Yep, the best way to prevent rich powerful assholes from getting us into huge wars is to make it extremely unprofitable. Don't want to kill your market or labor force. Don't want to disrupt your supply chain. Etc.
Literally the Ukraine war is an excellent example of this. Second most powerful army in the world fighting a much smaller and poorly equipped army. Now only the second most powerful army in Russia.
With the exception of the air force, most of this stuff came after Russia began the invasion in 2014. The Ukranian Air Force, absent support from allies, is actually kind of a liability since it's largely Mikhoyan and Sukhoi materiel where the maintenance, modernization, and operational expertise is concentrated in Russia. Ukraine basically had to invent its own supply chain from scratch.
Much more than globalized trade, globalized sharing of knowledge, awareness and circumstance - perhaps even globalized power, one day. The fight against capitalism will definitely require a great plan to take global communication away from private capital.
Or the workers in the nation where the work is moved, and since companies are min-maxing their profits with no regulation, you have factories with suicide nets
I won’t completely dispute your point regarding suicide nets. But I would add context that these “factories” have 200k workers that live there in dormitories away from their families. Suicide rates of the general population is about 10 per 100,000. So you’d expect 20 suicides per year from the workforce just based on statistics. Suicide nets just make sure they don’t do it that way and force trauma on bystanders.
I have no idea if the conditions at Foxconn increase (shitty paying job that treats you like slaves including locking you in at night) or decrease (well paying job with food and accomodation taken care of, and security when you sleep) suicide rates. It really depends on your outlook, and I’m sure both views are held by people working there.
Right, but that's less of a consequence of Globalization and more of a consequence of our national economy being structured in a way that offsets risk onto the most vulnerable working class folks. If we had universal healthcare not reliant on employment, reskilling assistance, and some kind of basic income, it would be easier to both protect people and reap the benefits of Globalization.
Not really. They emphasize "legal" immigration, by which they mean a series of restrictions on how people are allowed to enter the country and what qualifies them to become citizens. The actual implementation of neoliberal policies always includes strict border controls, limited asylum seeking, 2nd class citizenship for migrants, and harsh penalties for migrating "wrong" and not jumping through all the legal and financial hoops.
Capital moving freely while migrants die in the Mojave and drown in the Mediterranean.
I think pragmatically you need to have some basis for taxing a subset of people, and thus those people will have to be "citizens" subject to certain different rules- but most privileges and duties should apply to residents irrespective of their citizenship status. That's basically how US state borders work and those borders are considered "open" even though there is a concept of state citizenship.
As long as states exist, citizenship has to exist, but that doesn't mean we should regulate who can enter, live, and work in our country on the basis of origin, social class, or other things that aren't like "is this person entering to escape from a crime in their country that we would have punished" or "is this person entering to start a fascist uprising" etc.
When you're talking about neoliberalism, 'globalism' also has a lot to do with trade and international finance- from the 1940s (after fallout of the great depression and the World Wars) Keynesian economics was 'in', and international lending agreements upheld countries' ability to conduct nation-level managed/mixed economies- but when the neoliberals swung into power, the new order of the day was to strip countries of their self-managing ability in ways that made them accessible to/exploitable by global conglomerates and corporations:
At Bretton Woods in 1944, the use of fixed exchange rates and controls on speculative private capital, plus the creation of the IMFand World Bank, were intended to allow member countries to practice national forms of managed capitalism, insulated from the destructive and deflationary influences of short-term speculative private capital flows. As doctrine and power shifted in the 1970s, the IMF, the World Bank, and later the WTO, which replaced the old GATT, mutated into their ideological opposite. Rather than instruments of support for mixed national economies, they became enforcers of neoliberal policies.
The standard package of the “Washington Consensus” of approved policies for developing nations included demands that they open their capital markets to speculative private finance, as well as cutting taxes on capital, weakening social transfers, and gutting labor regulation and public ownership. ~ https://prospect.org/economy/neoliberalism-political-success-economic-failure/
So, in this sense, 'globalization' not just the opening of borders for labor and immigration, it is the swing away from 'nationalization' of economies and of national economic sovereignty, to prevent countries from impeding the flow of capital (and corporate power) into and out of their borders on behalf of global finance and colonial power
It's the notion that by being a country you should be able to make and enforce your own economic policies for the benefit of your citizenry instead of, for example, for the benefit of outside capital.
In reality, the right of countries to do basic things like enforce their own labor regulations and put limits on outside capital's access to their resources (or to publicly own resources) has been deeply infringed upon if not outright violated; look at how United Fruit basically toppled governments that put worker's rights or land ownership rules at odds with company profits.
The rest of this conversation talks a lot about 'globalism', I brought up 'national economic sovereignty' to distinguish economic self-rule from the kind of globalized rule that turned countries into banana republics, essentially ruled by puppets on behalf of foreign corporate interests.
Do you think the economic sovereignty of a fascist dictatorship that expropriates property by ethnicity ought to be recognized? Note that I'm not asking if you're for supporting fascists, because you can be openly belligerent against a nation who you nonetheless recognize as sovereign over their economy.
If not, I'm interested to hear your standards for what economic sovereignty should be respected.
Pushing every poor country to invest on the same export industries because your ideology believes they are inferior people that can only ever do that, or because you want them to subsidize your local consumers of those industries is not a good thing.
But people can't handle any complexity, and this get turned into "advocated global trading".