commissioner.org
| Source | Jim Devine |
| Date | 07/06/26/18:37 |
| is this a good summary of the neoliberal view? I wrote it, but it
would be interesting to see if there is actually a neoliberal manifesto that's been written by neoliberals. A Neoliberal Manifesto: 1. Product markets should be deregulated as much as possible, so that the prices can adjust to more accurately and efficiently reflect costs and consumer demand. 2. Instead of government regulation of monopolies and pollution, artificial markets should be created in order to attain the highest degree of efficiency. 3. Labor markets should be made for flexible wherever possible, abolishing minimum wage rules, government programs that subsidize leisure time, and unnecessary health and safety regulations. 4. International free trade is needed to allow the benefits of specialization to be realized. 5. Free mobility of capital funds and fixed investment also encourages a rise in world productivity and efficiency. 6. Government programs should be sold to private enterprise as much as possible, since privatization encourages greater efficiency. 7. The irresponsible and thus inefficient behavior of governments should kept in check by requiring that they balance their budget from year to year. Left out of this list is the view that intellectual property rights should be tightened and extended. Economist Jagdish Bhagwati and others see this as creating or deepening monopoly power rather than representing a free market reform. Also left out is opening borders to free in- and out-migration, perhaps because it's too controversial. |
Copyright (c) 1998, Joongpil Cho