22 August 2017 | Pago Pago, American Samoa
Most do not understand neoliberalism well.
Neoliberalism is an outgrowth of conventional social and economic liberalism of the 1970's or so, but it has gotten very greedy with much more of an economic focus. It lauds markets like libertarians but accepts Keynesianism and government, contrary to libertarians. It has crony capitalism as a feature. Government is to be fed off of by corporations where possible.
Neoliberalism's big economic focus is on greed, mega corporations and large profits. Deep states are a feature because they bear on all of those. It is the national offshoot of global capitalism. Wall Street and international banking are central features, with the world bank and the IMF being historical aspects. It has an international outlook, with curious colonial and mercantile overtones. It has become divorced from concerns about social justice, inequality and the economic welfare of the lower classes. Those matters have been left to the likes of Bernie Sanders.
Neoliberalism has pretty much the collective mind set of Hillary Clinton and the Clinton Foundation crossed with Goldman Sachs and it drops dollars on charity, mostly for the write offs when needed. It is immersed in current tax law and believes in corporate welfare. Corporate greed is its mainstay.
At a macro, international level, especially through the IMF and world bank, it has been wed to austerity principles which are being eased a bit now as recognizing they impede international development and profits.