Neoliberalism elevates capital and information flows over all other freedoms.

Evidence

Neoliberalism is the undertaking, then, to maximize corporate profits and efficiencies by reducing costs – most notably as a consequence of taxes, tariffs, and regulations. It has touted itself as the defender of freedom. But it is a peculiar sort of freedom to which neoliberalism is committed. It seeks above all to protect and expand the freedom of flows of capital, goods, and services, and more recently of information. It is expressly for letting the market regulate itself so far as the artificial constraints of politics will allow. It thus places faith in the market’s capacity to optimize resource allocation and expand employment capacity as a result of sustained profitability, subsequent economic growth, and “trickle-down” charitability. It follows that neoliberalism is committed to denationalizing industry and deunionizing labor power in the name of limiting state regulation, reducing public costs, and freeing capital and its interests from constraint. The perceived result is dramatically if not completely to roll back the need for public funding, institutions, and resources. — David Theo Goldberg, The Threat of Race, 1743

Categorization

  • DEFINE: Clear definitional anatomy of the neoliberal program — cost-cutting, market self-regulation, denationalization, deunionization — useful as a concise reference definition.
  • XREF: connects to: Neoliberalism framed itself as a defence of individual freedom against all collectivist systems.