Neoliberalism, also neo-liberalism,[1] is a term used to signify the late-20th century political reappearance of 19th-century ideas associated with free-market capitalism after it fell into decline following the Second World War.[2][3] A prominent factor in the rise of conservative and right-libertarian organizations, political parties, and think tanks, and predominantly advocated by them,[4][5] it is generally associated with policies of economic liberalization, including privatization, deregulation, globalization, free trade, monetarism, austerity, and reductions in government spending in order to increase the role of the private sector in the economy and society.
Also this was during the real halcyon days of the third way and DLC right after the end of the cold war.
The libertarian fanboys on HN really don't like it because this is what they furtively shake their pom-poms for and it's clearly trending towards a socially net negative
These hands off approaches will get a thousand flowers to bloom but they'll mostly be weeds
It's fine in luxury industries. Yachts, jets, jewelry, cruises, etc.
But things that people with limited capital need? That obviously doesn't work. Look at the Cochabamba Water War or the California electricity crisis for good examples.
An unspoken rule of their models is all consumers value money the same and have an unlimited supply.
These assumptions fall flat on >99.5% of people.
But ruby and sapphire encrusted watches? fine! Game on.
> heydays of neoliberalism
please explain.