YSK that “neoliberal” refers to a discrete set of economic policies including deregulation, privatization, and so-called “free trade” implemented by both center-right and center-left parties
Why YSK: I’ve noticed in recent years more people using “neoliberal” to mean “Democrat/Labor/Social Democrat politicians I don’t like”. This confusion arises from the different meanings “liberal” has in American politics and further muddies the waters.
Neoliberalism came to the fore during the 80’s under Reagan and Thatcher and have continued mostly uninterrupted since. Clinton, both Bushs, Obama, Blair, Brown, Cameron, Johnson, and many other world leaders and national parties support neoliberal policies, despite their nominal opposition to one another at the ballot box.
It is important that people understand how neoliberalism has reshaped the world economy in the past four decades, especially people who are too young to remember what things were like before. Deregulation and privatization were touted as cost-saving measures, but the practical effect for most people is that many aspects of our lives are now run by corporations who (by law!) put profits above all else. Neoliberalism has hollowed out national economies by allowing the offshoring of general labor jobs from developed countries.
In the 80’s and 90’s there was an “anti-globalization” movement of the left that sought to oppose these changes. The consequences they warned of have come to pass. Sadly, most organized opposition to neoliberal policies these days comes from the right. Both Trump and the Brexit campaign were premised on reinvigorating national economies. Naturally, both failed, in part because they had no cohesive plan or understanding that they were going against 40 years of precedent.
So, yes, establishment Democrats are neoliberals, but so are most Republicans.
Watching from a far (The Netherlands), it always amazed me how the political scale in the US is described. Even the democrats in the US feel more to the right, then positioned in the US. Some people go as far to call democrats communist, but I don't think these people know what communist really is, in the same way that Americans don't seem to know what (neo)liberal actually is. It is both entertaining and concerning to watch.
The thing to get about deregulation in this context is that it's a misleading term- 'deregulation' doesn't mean un-doing regulation, it means handing regulatory authority over from democratically-accountable regulators, to private regulators that are less-accountable and often have interests at odds with those of the public.
In feudal times, regulation of trade or business was left to trade associations or guilds (who got to write their own rules that were typically rubber-stamped by the local nobility's younger son) and that system more or less translated into today's modern republics, up until the guilds and trade associations became trusts and monopolies.
When the democratic regulatory state emerged to regulate spheres of business like banking and polluting industry because private regulators shat the bed, that was a shot in a war that the old guard business elites haven't stopped fighting- they saw this as a taking of their power, and have sustained decades of effort to hand public authority back over to private trade associations
So, while you're 100% correct about neoliberalism not belonging to either the left or the right, your basic description of neoliberalism isn't correct. What you describe (deregulation, positive valuation of wealth generation, free markets, etc) is just liberal capitalism.
Neoliberalism names the extension of market-based rationalities into putatively non-market realms of life. Meaning, neoliberalism is at play when people deploy cost/benefit, investment/return, or other market-based logics when analysing options, making decisions, or trying to understand aspects of life that aren't properly markets, such as politics, morality/ethics, self-care, religion, culture, etc.
A concrete example is when people describe or rationalize self-care as a way to prepare for the workweek. Yoga, in this example, becomes of an embodiment of neoliberalism: taking part in yoga is rationalized as an investment in self that results in greater productivity.
Another example: how it seems that most every public policy decision is evaluated in terms of its economic viability, and if it isn't economically viable (in terms of profit/benefit exceeding cost/investment) then it is deemed a bad policy. This is a market rationality being applied to realms of life that didn't used to be beholden to market rationalities.
Hence the "neo" in "neoliberalism" is about employing the logics of liberalism (liberal capitalism, I should say) into new spheres of life.
A good (re)source for this would be Foucault's Birth of Biopolitics lectures, which trace the shift from Liberalism to Neoliberalism. As well, there's excellent literature coming out of anthropology about neoliberalism at work in new spheres, in particular yoga, which is why I used it as my example here.
It almost feels like political labels are there to deceive and confuse people or the political science is a meme that can't be trusted to name things. I swear, majority of political conflict is just people misunderstanding each other.
Sheep hear these terms from talking heads on tv and radio. Those talking heads don't know and/or don't care what those terms actually mean. They only care that the sheep don't know what they mean. That way they can apply whatever traits they need to apply to them to illicit an emotional response they need, then apply that term to the entity or event they want to target. Then the sheep regurgitate those arguments to others convincing fellow sheep and gaslighting others with their stupidity. One of the reasons arguing with these people is so pointless. You may as well be arguing with a voice recorder they have no idea what they are saying and an appeal to logic is useless as they are incapable of such a thing. I've actually broke people a few times where the just begin looping and eventually they just break and devolve into racism or some similar bigoted viewpoint these pundits latch onto for their appeal to emotion.
It's kinda sad how classical social democracy is basically dead nowadays. Here in Europe they are almost all neoliberals and some (like in Denmark) even start to mix this with right wing social policies.
I've also recently noticed people claiming to be "neoliberals" but apparently meaning something like "progressive Democrat" and it's really confusing so I appreciate this post. It's already bad enough "liberal" has a bunch of different definitions, pretending neoliberalism is something else isn't going to help anything or anyone.
Money doesn't work unless some people have some and some people don't. The only way to actually fight globalism is with worker owned productivity becoming the norm. Otherwise you'll always be stuck with the political false dichotomy of "Right" (fascism) vs "Left" (right of center).
And tbf, the portion of the right that is legit fascist kinda actually hates all those things. They've no love at all for their more economically-oriented allies.
absolutely horrid policies pushed initially by the chicago club If I'm not mistaken, the worst economic school of the last decades arguably. And tangentially is the root of the pickle the Argentinean economy is on the gutter
I would add that liberal means something different in USA vs. the rest of the world, so when a non-US progressive uses liberal as an insult it might mean closer to what we'd call a neoliberal in the US.
Many leftists ( myself included) also have started to referring to neoliberals and other slightly-left centrists as just liberals" If you go right or left enough on the spectrum, liberal is an insult.
Really wish there was a coherent structure to political labeling.
Follow a prefix-root-suffix system or something - one glance at name should give you some idea of where they land on the political spectrum and what their identity is built on.