Three Minute Theory: What is Neoliberalism?

In this iteration of Three Minute Theory, we provide you with a basic introduction to neoliberalism.

[DanielVerberne]

The funny thing is that the free-market is a respected value, until the players become powerful enough, then they actually don't like the market being completely 'free', they actually don't want competition, they seek to destroy competitors.

[albell]

"Neoliberalism" in 7 words (or 8?): "oligarchy marketed to look like 'free-market' idealism".

[whatewa]

How can neoliberalism be left? The 'left' is characterized by the general idea of common ownership, how can an ideology that supports an increasingly free market be considered 'left'? That's a very vague statement

[mafia_dave]

There is no such thing as a free market anymore .

[ThomasHope]

Very good. A little to US-centric for me, but overall this explanation hits many of the key points.

[johndoe-rmsv]

Public money for private interests*pukes*

[kaankaragul]

nicely explained and better than pages of writings... Thanks

[Boiblu]

The unfortunate thing about neo-liberalism isn't the concept itself; I'd argue that on principle it's a seemingly ideal way to go about nation building. The fact is ANY economic ideology is subject to corruption and greed. On face value every ideology can work provided this notion of the "greater good" is upheld. We saw how corruption corroded Communist Russia; America survives today because it's done a bang up job convincing the public that its concepts are fail proof - and any failure that's befallen us is the direct result of interventionist policies instead of the other way around. We are essentially the frog that boiled slowly in hot water whereas the USSR was the frog that was dropped in already boiling water, seeing how they had massive issues they were ill-equipped to deal with before Communism took hold. BUT the real issue is and always will be whether or not the leaders of nations actually hold their people's best interests in mind.

[ilfautdanser]

What is neo-liberalism? The final stage of capitalism before corporate fascism. The future is gonna be great!

[ronnieo]

Stacey, I think you did a very good job with this. It is NOT very easy to listen to because it is extremely thought provoking. Questons of WHAT IS and WHO IS abound. The terms Neoliberalism, and likewise Neoconservativism are useful terms because they call into question how the current political spectrum (Party system) is presented, or rather manufactured, for the general public. So after watching this, I am once again as confused as fuck, and that is a good thing.

[DAngelo]

Neoliberalism can be reduced to two words: Corporate Feudalism.

[advenassaurus]

I swear I have heard five definitions of neoliberalism, all of them different. Anti-liberals gotta get their stuff together.

[notrombones]

The thing that confuses so many people about the term, is what this video states loud and clear---That Neoliberalism is supported by BOTH Dems and GOPers, and some of BOTH traditional Liberals and Conservatives.

Basically, Neoliberalism is the self-supporting philosophy of the Rich---"Economic Royalty" who wish to dominate society.

But Neoliberalism is BAD for almost everybody else.

To recognize Neoliberalism at work, just know its 4 or 5 basic tenets (as shown in this video), and look for those things in society, instead of looking for personalities, party affiliation, or other labels.

[therayray]

Great video!! Thank you! Has really helped me study for my exam!

[isadoreladuca]

Biased video? Ah, it's pointing out the bias of neoliberalism. Not that hard to understand.

[amandabarros]

Amazing, this shows us why neoliberalism is a terrible idea. Except for small countries where is easy to administrate the environment like health, education, security etc

[vaporwavevocap]

If the explanation was really what Neo-Liberalism was, that'd be a good thing. The free market is more important than the whims of a Democracy. But Neo-Liberalism is Corporate Democracy.

[xit]

The term "neoliberalism" is an attempt to link classical liberalism with crony corporatism. The growth in state power leads to regulatory capture. "I do not believe it's proper to put the situation in the terms that it's industrialists versus government. On the contrary, one of the reasons why I am in favor of less government is because when you have more government, industrialists take it over, and the two together form a coalition against the ordinary worker and the ordinary consumer. I think business is a wonderful institution, provided it has to face competition in the marketplace and can't get away with something except by producing a better product at a lower cost, and that's why I don't want government to step in and help the business community." --Milton Friedman

[crunchysaviour]

Disliked the distracting backing track. Otherwise thanks for the video.

[uygy]

All these people crying because the video is not biased towards imperialism and libertarianism... Good grief