Set of political-economic thoughts based on classical economic theory.
Neoliberalism is a set of political-economic thoughts based on classical economic theory, which maintains that the mercantile society must act freely and autonomously, without any State intervention.
This theory maintains that the State should not be present in any field where it can interfere with the free development of the economy, thus defending the absolute freedom of individuals.
Neoliberalism firmly supports the theory of reinforcing the private sector over the public sector, since it considers that the latter has greater productivity, thus opposing any ideology of collectivity with respect to social resources.
The main characteristics of neoliberalism are the following:
The principles of neoliberalism are:
In 1947, an organization made up of a large group of businessmen and liberal economists called the Mont Pelerin Society (MPS) was founded in Switzerland. This organization was founded by Friedrich Hayes, with the aim of preserving human rights that were threatened by the spread of ideologies.
This organization managed to expand through the faculties and academic departments. At the University of Chicago, for example, their ideologies were spread in such a way that they did not seem like political propaganda and had great validity; thus it was that several thinkers, journalists, teachers, businessmen, among others; shared this ideology and made it known to all potential stakeholders.
As for the differences, neoliberalism abolishes the State and maintains that it only fulfills its fundamental functions, staying out of the economy. Liberalism defends the free market and the total autonomy of individuals, promoting private companies, but without completely suppressing the State.
Among the similarities of both models we can find that:
The difference between the two models lies in the fact that neoliberalism suppresses the State from the economic system, while capitalism gives rise to an intervention in the economy, although not more.
Regarding their similarities, both currents defend free trade, support private companies and defend the freedom of the individual.
Some examples of activities of neoliberalism are listed below:
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