The neoliberal credo [at least the World Bank version that I thought was orthodox] claims that markets work [reasonably] efficiently and that government attempts to constrain them via regulation and public spending [while necessary, can sometimes] fail, backfire, or are corrupted by politics.…. Neoliberalism has relied on [smart, cost-be…
The neoliberal credo [at least the World Bank version that I thought was orthodox] claims that markets work [reasonably] efficiently and that government attempts to constrain them via regulation and public spending [while necessary, can sometimes] fail, backfire, or are corrupted by politics.…. Neoliberalism has relied on [smart, cost-benefit based] regulation, privatization [of loss-making goods and services producing firms.] [not] weakened trade unions, [not] less progressive taxation] , and new trade rules [reducing government obstacles to importing and (especially for developing countries) exporting.] Nothing in this "credo" necessarily undermines Social Democracy.
The neoliberal credo [at least the World Bank version that I thought was orthodox] claims that markets work [reasonably] efficiently and that government attempts to constrain them via regulation and public spending [while necessary, can sometimes] fail, backfire, or are corrupted by politics.…. Neoliberalism has relied on [smart, cost-benefit based] regulation, privatization [of loss-making goods and services producing firms.] [not] weakened trade unions, [not] less progressive taxation] , and new trade rules [reducing government obstacles to importing and (especially for developing countries) exporting.] Nothing in this "credo" necessarily undermines Social Democracy.