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cameroncowan comments on Open thread, 25-31 August 2014 - Less Wrong Discussion

4 Post author: jaime2000 25 August 2014 11:14AM

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Comment author: cameroncowan 25 August 2014 08:41:11PM 4 points [-]

Post-neoliberialism is the economic theories and policies that are coming out of the neoliberal (think Milton Friedman) economics of the mid 20th century. This is most pronounced in South America where Neoliberal thinking as proposed by the Chicago School (Milton Friedman and company) was most widely practiced. Many of these governments are trying to balance the need of industry and companies to support the countries they do business in as well as provide for growth and jobs thereby. They are trying to balance the socialist past with free markets and globalization. So this article will address common theories and their theorists, policies, and other decisions being made in regards to the move away from Neoliberal economic philosophy.

Comment author: Lumifer 25 August 2014 09:02:20PM 6 points [-]

is the economic theories and policies that are coming out of the neoliberal ... economics

Do you actually mean "coming out of" or do you mean "expected to replace"? Because economic theories coming out of neoliberal economics would probably be called "neoliberal".

was most widely practiced

Anywhere other than Chile?

All in all you seem to talking about economic theories of development. There are a lot of those. Why do you think it's useful to stick a "post-neoliberal" moniker on them, especially given that Wikipedia seems to think that "neoliberal" is a pejorative term used mostly by people who don't like markets?

Comment author: polymathwannabe 25 August 2014 10:23:04PM 2 points [-]

Anywhere other than Chile?

Perú and Colombia for the last couple decades.

Comment author: Lumifer 26 August 2014 12:14:20AM 4 points [-]

Any links or other evidence that Peru and Colombia were practicing specifically neoliberalism and not just sane policy (e.g. based on the idea that "markets work pretty well most of the time, better than the alternatives, anyway")?

Comment author: polymathwannabe 26 August 2014 01:03:20PM -1 points [-]
Comment author: Lumifer 26 August 2014 03:11:57PM 4 points [-]

I support state control over essential services (education, healthcare, agriculture, energy) and strong regulations for everything else.

Ah, I see.

The US is a neoliberal country, then, is it?

Comment author: polymathwannabe 26 August 2014 04:39:12PM 0 points [-]

It's very difficult to give an answer. For example, drug and food safety regulations are stricter in the U.S. than in Colombia (drugs are sold here which the FDA wouldn't poke with a ten-meter-long stick). The U.S. subsidizes its own farmers while discouraging its trade partners from doing so. Its minimum wage, albeit heavily criticized, is three times that of Colombia. On the other hand, the U.S. finds itself in the indefensible position of being the only first-world country without universal healthcare, while Colombia has mandatory vacations, paid sick days, and better unionization.

Comment author: Lumifer 26 August 2014 05:35:59PM 5 points [-]

The difficulty suggests to me that you concept of neoliberalism is not well-defined.

But, frankly, it looks to me like you're treating it as "not socialism".

And I still have no idea what post-neoliberalism is.

Comment author: ChristianKl 27 August 2014 10:17:05AM *  -1 points [-]

The difficulty suggests to me that you concept of neoliberalism is not well-defined.

If you would ask whether the US is a conservative country, answering isn't easy either. That doesn't mean that "conservative" is a word without meaning.

One of the points of the Washington Consensus is "Redirection of public spending from subsidies ("especially indiscriminate subsidies") toward broad-based provision of key pro-growth, pro-poor services like primary education, primary health care and infrastructure investment;"

The US themselves doesn't manage to muster the political will to cut agricultural subsidies themselves but that doesn't mean that it doesn't use institutions such as the IMF to pressure other countries into cutting agricultural subsidies.

The word neoliberalism came up for policies that the US pushed in Latin America. Often against the local democratic will.

Socialism is in it's nature for open borders. "The Internationale" calls for uniting different people. Neoliberalism is similar. It wants to get rid of borders.

Treating corporations as people who can sue states in Investor-state dispute settlement proceedings is part of what neoliberalism is about. Clauses that were put into law in the US through trade agreements instead of the normal democratic process.

If you would ask Ron Paul about Investor-state dispute settlement I'm pretty sure that he would reject the idea because it means that states give up part of their sovereignty. As a result Ron Paul is no neoliberal. Ron Paul is also for free trade but he was a very different idea of what free trade is supposed to mean then the neoliberals.

Comment author: Azathoth123 30 August 2014 05:00:37AM 4 points [-]

If you would ask Ron Paul about Investor-state dispute settlement I'm pretty sure that he would reject the idea because it means that states give up part of their sovereignty.

I don't know his position on that issue, but he's certainly in favor of people suing government agencies that he believes have abused their power.

Comment author: ChristianKl 26 August 2014 01:10:46PM *  0 points [-]

Any links or other evidence that Peru and Colombia were practicing specifically neoliberalism and not just sane policy

What "sane" happens to mean depends a lot on who's judging.

The IMF certainly pushed Latin American countries towards adopting neoliberal policies that they otherwise wouldn't have implemented.

IMF’s Structural Adjustments

In order for Latin American nations to be eligible for loans from the World Bank, the IDB, or high-income governments, they traditionally had to meet a number of strict conditionalities established by the IMF, known as Structural Adjustment Policies (SAPs). This gave the IMF enormous influence over domestic economic policies in borrowing nations, as it was essentially the “gatekeeper” for access to foreign credit.

Comment author: Lumifer 26 August 2014 03:12:51PM 6 points [-]

What "sane" happens to mean depends a lot on who's judging.

True.

The IMF certainly pushed Latin American countries towards adopting neoliberal policies that they otherwise wouldn't have implemented.

That happens a lot when you want to borrow other people's money :-)

Comment author: RichardKennaway 27 August 2014 12:31:08PM *  3 points [-]

Why do you think it's useful to stick a "post-neoliberal" moniker on them, especially given that Wikipedia seems to think that "neoliberal" is a pejorative term used mostly by people who don't like markets?

As far as I can make out, the "post-" prefix in words such as postneoliberal, postcolonial, postmodern, etc. means not merely "after", but also "in reaction or opposition to", with connotations of supercession of the old and bad by the superior new and good. Claiming the "post-" moniker for oneself is a way of linguistically framing the situation (that is, casting a magic spell) to define oneself into having the high moral ground.

Comment author: Lumifer 27 August 2014 02:41:33PM 1 point [-]

Sure, but you're talking about verbal jiu-jitsu techniques, basically. However here I just don't know which meaning the OP wants to associate with the label "post-liberal". There are a lot of ways the "superior new and good" can play out.

Comment author: buybuydandavis 25 August 2014 09:28:24PM 2 points [-]

Post-neoliberialism is the economic theories and policies that are coming out of the neoliberal (think Milton Friedman) economics of the mid 20th century. This is most pronounced in South America where Neoliberal thinking as proposed by the Chicago School (Milton Friedman and company) was most widely practiced.

So is Friedman and the Chicago School supposed to be Neoliberal, or Post Neoliberal?

Comment author: cameroncowan 26 August 2014 05:37:47AM 1 point [-]

Milton Friedman would be neoliberal.