Row 12621

Row ID: 12621 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 12621 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

> You may know the Washington Consensus by its other names, including neoliberalism and Reaganomics.

This quote from the article is incorrect, because it equates neoliberalism and Reaganomics.

"Reaganomics," is must be noted, is not an official name or policy. It's a generalized term for Reagan's economic stance. This stance is *broadly* neoliberal, but that's like calling China's economy *broadly* capitalist. It's technically true, but misses a lot of important distinctions and nuance.

Neoliberalism is not Reaganomics. Neoliberalism is a policy position based on economic orthodoxy. It favors eliminating regulations and free trade, but isn't "trickle down" because that's not a real economic position. No serious economist thinks that lowering income taxes on the wealthy grows businesses as a matter of course.

In this article, the *Atlantic* is celebrating the turn against free trade, which exists in the middle of a Venn diagram of Reagan's policies and Neoliberalism, and it conflates the two as being identical when they are not.

Neoliberalism as a whole is demonized by a lot of media, because it's a topic that can be applied to all sorts of situations and few people understand the policies with any depth. Most, for example, would argue that any nationalized systems are problems for neoliberals, because their view of neoliberalism is stuck in the 1980s, but neoliberalism marches along with economic orthodoxy.

In many ways, this policy position is held back by its two most popular/infamous adherents - Margaret Thatcher and Ronald Reagan. Despite the fact that they would be considered minority neoliberals if their positions were argued for in the current day, they are still the standard bearers.

Hillary Clinton is a neoliberal and she was the first major politician to successfully push for socialized healthcare in America (as First Lady). Her positions have not changed. People misrepresent what neoliberals are due to lack of understanding.

You can agree or disagree with neoliberalism, Reagan, or anyone else. I'm not trying to persuade you or anything. My point here is that the *Atlantic* is misusing these terms and that's what is leading to confusion.

FieldValue
text > You may know the Washington Consensus by its other names, including neoliberalism and Reaganomics. This quote from the article is incorrect, because it equates neoliberalism and Reaganomics. "Reaganomics," is must be noted, is not an official name or policy. It's a generalized term for Reagan's economic stance. This stance is *broadly* neoliberal, but that's like calling China's economy *broadly* capitalist. It's technically true, but misses a lot of important distinctions and nuance. Neoli…
label r/economics
dataType comment
communityName r/Economics
datetime 2024-05-20
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Raw Record

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  "text": "> You may know the Washington Consensus by its other names, including neoliberalism and Reaganomics.\n\nThis quote from the article is incorrect, because it equates neoliberalism and Reaganomics.\n\n\"Reaganomics,\" is must be noted, is not an official name or policy. It's a generalized term for Reagan's economic stance. This stance is *broadly* neoliberal, but that's like calling China's economy *broadly* capitalist. It's technically true, but misses a lot of important distinctions and nuance.\n\nNeoliberalism is not Reaganomics. Neoliberalism is a policy position based on economic orthodoxy. It favors eliminating regulations and free trade, but isn't \"trickle down\" because that's not a real economic position. No serious economist thinks that lowering income taxes on the wealthy grows businesses as a matter of course.\n\nIn this article, the *Atlantic* is celebrating the turn against free trade, which exists in the middle of a Venn diagram of Reagan's policies and Neoliberalism, and it conflates the two as being identical when they are not.\n\nNeoliberalism as a whole is demonized by a lot of media, because it's a topic that can be applied to all sorts of situations and few people understand the policies with any depth. Most, for example, would argue that any nationalized systems are problems for neoliberals, because their view of neoliberalism is stuck in the 1980s, but neoliberalism marches along with economic orthodoxy. \n\nIn many ways, this policy position is held back by its two most popular/infamous adherents - Margaret Thatcher and Ronald Reagan. Despite the fact that they would be considered minority neoliberals if their positions were argued for in the current day, they are still the standard bearers.\n\nHillary Clinton is a neoliberal and she was the first major politician to successfully push for socialized healthcare in America (as First Lady). Her positions have not changed. People misrepresent what neoliberals are due to lack of understanding.\n\nYou can agree or disagree with neoliberalism, Reagan, or anyone else. I'm not trying to persuade you or anything. My point here is that the *Atlantic* is misusing these terms and that's what is leading to confusion.",
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