Misconceptions about Neo-Liberalism Prabhat Patnaik

Neo-liberalism is often seen only as an economic policy. This per se might not matter, since a specific set of economic measures do, no doubt, fall under the rubric of neo-liberalism. But by reducing neo-liberalism only to a set of economic measures, a misleading impression is often conveyed that this set of measures are a matter of choice on the part of the ruling bourgeois political formation, i.e. that a “non-neo-liberal” set of measures could also be followed, even in conditions of contemporary capitalism, if only the bourgeois political formation ensconced in government had decided to do so. Reducing neo-liberalism…