Protectionism is stupid and helps no one.

lemmy.world

Protectionism is stupid and helps no one.

lemmy.world

PennyOaken@lemmy.worldM to

TrueNeoLiberal@lemmy.worldEnglish · 1 year ago

You must log in or register to comment.

Chat

TrueNeoLiberal@lemmy.world

trueneoliberal@lemmy.world

Create a post

You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: [email protected]

Neoliberalism refers to the resurgence of free market ideas that characterized classical liberalism in the 19th century. It is based on the idea of economic freedom and limited government involvement in economic interactions between individuals.

Neoliberalism is very similar to classical liberalism. Both ideologies believe in privatization, deregulation, globalization, free trade, and limited government. However, neoliberalism differs in two key aspects. First of all, the idea covers the belief that monetary policy should be governed by a central bank. That means the central bank can decide how much money is in circulation and at what the interest rates should be.

Second of all, the idea covers the belief that the private charity is no longer sufficient to support the poor. It is therefore believed that government welfare is necessary, although in a far more limited amount than we see present today.

Visibility: Public

This community can be federated to other instances and be posted/commented in by their users.

1 user / day
1 user / week
1 user / month
13 users / 6 months
1 local subscriber
47 subscribers
11 Posts
2 Comments
Modlog