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reddig33 ,

So confused by the use of “liberal economics” here. Was Brexit liberalism? Is privatizing NHS liberalism? In the US, that would be the conservative wing, not liberal.

xMadwood ,

“Liberal” is defined differently in the context of economics vs politics. It doesn’t mean “economics that political liberals support”.

reddig33 ,

Today I learned. How confusing.

en.m.wikipedia.org/wiki/Economic_liberalism

skhayfa OP ,

The author is British. Liberalism in its theoretical aspects autonomy, equality of opportunity, freedom of choice, protection of individual rights is a wonderful promise. But the author argue that in our unchecked capitalist environment it’s just a pipe dream which leaves individual vulnerable and exposed to exploitation.

Poob ,

It’s only confusing because of America. Liberalism is basically the political ideology of capitalism.

floofloof ,

en.wikipedia.org/wiki/Liberalism

Liberalism is not what people in the USA understand by the word (i.e. anything left of pretty far right). If you hang out with socialists you’ll find they’re not fond of liberals, because liberals are capitalists. This meaning of the word is why the most damaging, ultra-capitalist, right-wing economic policies of the past 50 years are known as neoliberalism.

grue ,

Was Brexit liberalism?

No.

Is privatizing NHS liberalism?

Yes.

Economic liberalism is about free markets and globalization. Privatization fits with that; protectionism doesn’t.

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