How does this track, as a brief explanation of how the theoretical basis of neoliberalism began to diverge from the global reality of neoliberalism?
@vimothy @craner @padraig (u.s.) ?
"As regards the emergence of neoliberalism beyond the academic sphere of discourse and ideology, and into political reality, it is argued that the 1973 Chilean coup provided an occasion for the germination of neoliberal policy and its ensuing globalization into what we would now call the neoliberal world order. At this point it may be worth reiterating the central purpose of this section, namely the delineation of how the theoretical basis of neoliberalism differs from the political reality of neoliberalism. The gist of the difference is that the theoretical framework of neoliberalism, if taken sincerely and on its own terms, has at its core a return to the central tenet of liberalism, namely that competition should be enabled to decentralize economic power in markets, toward the end of ensuring the efficiency of said market and the economic liberty of those involved. This, as a good faith argument, seems to have become a decreasingly tenable defense of the reality of neoliberalism, as said reality proved gradually over time to be less about the preservation of the economic liberty of the average person, and more about the extended accumulation of wealth and power of elite actors in the global economy and their de facto exemption from social accountability."
I'm basing this point, about the origins of neoliberalism as a political order, on a couple lectures I watched from Damon Silvers (14:42 of this talk:
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