Javier Milei is now a politician-philosopher telling us that the collectivism of the global neo liberalism, a political approach that favours free-market capitalism, deregulation, and reduction in government spending, failed.
"Neoliberalism has become an increasingly prevalent term in recent decades.[17][18][19][20] It has been a significant factor in the proliferation of conservative and right-libertarian organizations, political parties, and think tanks, and predominantly advocated by them.[21][22] Neoliberalism is often associated with a set of economic liberalization policies, including privatization, deregulation, depoliticisation, consumer choice, labor market flexibilization, economic globalization, free trade, monetarism, austerity, and reductions in government spending[18][19]
Neoliberalism is contemporarily used to refer to market-oriented reform policies such as "eliminating price controls, deregulating capital markets, lowering trade barriers" and reducing, especially through privatization and austerity, state influence in the economy.[7]It is also commonly associated with the economic policies introduced by Margaret Thatcher in the United Kingdom and Ronald Reagan in the United States.[25] Some scholars note it has a number of distinct usages in different spheres:[47]As a development model, it refers to the rejection of structuralist economics in favor of the Washington Consensus.As an ideology, it denotes a conception of freedom as an overarching social value associated with reducing state functions to those of a minimal state.As a public policy, it involves the privatization of public economic sectors or services, the deregulation of private corporations, sharp decrease of government budget deficits and reduction of spending on public works.There is debate over the meaning of the term. Sociologists Fred L. Block and Margaret Somers claim there is a dispute over what to call the influence of free-market ideas which have been used to justify the retrenchment of New Deal programs and policies since the 1980s: neoliberalism, laissez-faire or "free market ideology..."
