Attempting to pass the crown of Chief Neoliberal Shill on to me, Noah Smith has an excellent Twitter thread that cites me: Noah Smith: "Here is a thread about neoliberalism. At the beginning of this year I was elected "Chief Neoliberal Shill", but the true Chief Neoliberal Shill has always been Brad @delong. In 1999, he wrote the following neoliberal manifesto: https://t.co/QQCBFHjgYR. DeLong's case for neoliberalism is basically: It's not about YOU, rich-country person. It's about people in poor countries. Neoliberalism, he says, is the best (only?) way for the world to recover from the inequalities generated by colonialism and unequal industrialization.... Obviously, lots of people toss around the word 'neoliberalism', using it to mean anything from Obama-style centrism to Ayn Rand-style feudalist libertarianism. But I like DeLong's version best. Neoliberalism as the most expeditious antidote to colonialism.
The "neoliberalism" I was talking about then is a relatively distant cousin (but was a cousin) of what people are calling "neoliberalism" today...
And Miniver Cheevy has formatted my argument of 1999:
Miniver Cheevy: : DeLong's Principles Of Neoliberalism: "Neoliberalism is many things. It is:
- a counsel of despair with respect to the possibility of social democracy today (outside of the global economy’s industrial core).
- a counsel of hope with respect to the prospects for rapid market-generated economic development outside the global economy’s industrial core—if governments adopt market-conforming policies.
- a bet that improvements in transportation and communication—the shrinking world—“globalization”—gives us today an extraordinary opportunity to rapidly reduce global inequality by incorporating more and more people and more and more more regions into the global economy.
- the only live utopian program in the world today...