‘Neoliberalism’ II

Paul Mason thinks he’s being helpful:

There’s a meme that keeps resurfacing in the genteel world of rightwing financial thought: that the term “neoliberalism” is in some way just a term of abuse, or a catch-all phrase invented by the left. […] Well, as the UK steel industry faces instant closure — and let’s be clear that’s what Tata would do if it had to — we about to get a textbook lesson in what neoliberalism actually means. It means, when market logic clashes with human logic, the market must prevail and you must not give a shit about the social consequences.

Ummm … you know that was just straight-up liberalism, before they wrecked the word. (Socialism is the other thing.)

ADDED: Some precious lucidity here.

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