No its not some mysterious label. It refers to “free-market” (read: cronyism run rampant) policies of zero regulation, privatization of public assets, low taxes on wealth and high incomes, “free” trade based on multinational corporate dominance, and no restrictions on capital flows between nations and market sectors. And don’t be confused just because Reagan and Thatcher were neoliberals and so are Clinton and Obama. The one thing that binds all our contemporary politicians is their subservience to monied interests and “free market” solutions. Clinton gutted welfare and Obama has overseen the largest transfer of money from the poor and middle classes to the wealthy in the history of the world.
And don’t confuse “liberal” with “neoliberal”. The first is generally used as a reference to social freedom, the second to economic “freedom”. Of course economic freedom for the wealthy generally means debt-slavery, monopoly control and poverty-based “freedom” for the rest of us. So no, neoliberal is not a “double contradiction in terms”, whatever that means.
