Neoliberalism claims to expand human freedom by advocating for negative freedom from coercion through free markets. It views individuals as rational actors who can actualize their wants through market exchanges. However, neoliberalism is ambiguous about political freedom and democracy. While it supports deregulation and smaller government, neoliberal policies in Chile under Pinochet restricted human rights despite economic growth. Neoliberalism also reduces social freedom by universalizing self-interest and hindering ideological plurality.
Neoliberalism claims to expand human freedom by advocating for negative freedom from coercion through free markets. It views individuals as rational actors who can actualize their wants through market exchanges. However, neoliberalism is ambiguous about political freedom and democracy. While it supports deregulation and smaller government, neoliberal policies in Chile under Pinochet restricted human rights despite economic growth. Neoliberalism also reduces social freedom by universalizing self-interest and hindering ideological plurality.
Neoliberalism claims to expand human freedom by advocating for negative freedom from coercion through free markets. It views individuals as rational actors who can actualize their wants through market exchanges. However, neoliberalism is ambiguous about political freedom and democracy. While it supports deregulation and smaller government, neoliberal policies in Chile under Pinochet restricted human rights despite economic growth. Neoliberalism also reduces social freedom by universalizing self-interest and hindering ideological plurality.
and within which limits, neoliberalism can claim to
be primarily about expanding the scope for human freedom. Freedom according to Neoliberalism: - Freedom underpins larger neoliberal rationality. - Freedom is negative freedom/freedom from coercion - Skeptical of state: The aim of Neoliberalism is to minimise role of the state to only create conditions necessary to enhance and expand individual freedom.
“The individualist recognizes the limitations of the powers of
individual reason and consequently advocates freedom.” - Friedrich Hayek - Individuals are rational beings with their own subjective preferences. - The market is means through which people can actualize wants, embodying idea of freedom. - Neoliberal policy advocates a freer market to achieve a freer society. - More in favour of using the state as means to redistribute wealth than classical liberalism Neoliberalism and political freedom - Neoliberalism is ambiguous about the idea of democracy. - Market freedom is distinguished from political freedom. - Supports deregulating the labour market, cutting social security and “unnecessary” government spending. Political freedom under neoliberalism - Chile under Pinochet saw considerable economic growth and support of western neoliberals despite a record of human right abuses. Neoliberalism and social freedom - Neoliberalism reduces people down to their relationship to the market. - People are free to make decisions as they choose, insofar as the market isn't challenged. - Neoliberalism believes the market to be a natural sphere. Social freedom under neoliberalism - Neoliberalism hinders ideological plurality. - Promotes political lethargy. - Universalises ideas of self interest, competition and markets. Conclusion
Chart from an IMF report on the ramifications of its own
neoliberal policies. The report concluded that certain neoliberal policies had increased inequality.