You probably hear a lot of bad things against Neoliberalism from the woke and left media. It's a general swear word they use when talking about capitalism. A way to dis' capitalism by implying capitalism got worse and turned into something more evil: 'Neoliberalism'.
It is: In fact: what you hear is probably all nonsense. Neoliberalism was specifically, an attempt to make things better by making more human interactions more market like: to apply market principles to otherwise, non-market relationships. For example, Neolibs wanted a market like solution to pollution. They thought they could use the tax system to "make the polluter pay". Using, for example, fines, penalties, to the tax system to act like negative money. In it's essence that's all neoliberalism really is.
What it's not: There are lot's of other iseas associtated with Neoliberalism, supported by the same people who promoted Neoliberalism. Ideas such as free movement of labour and abolishing trade tarriffs. But those other ideas weren't new.
Why Neoliberalism fails? It fails for the same reasons all government interference in the economy fails. Government thinks it knows best. It doesn't. Unfortunately Big Gov does not care. Because everyone in Big Gov is using Neo-lib policies, they are all, neolibs. Even the woke and left critics of neoliberalism are neo-libs. Despite it's failures, Neoliberalism remains without real critics because governments never abolish useless regulations.
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