Codified the concept on lessaiz faire economics giving a pseudo-academic justification for the Reaganite and Thatcherite fiscal policies that are broadly responsible for the sorry state of public services in America and Britain today.
Comment on Anon reads about Milton Friedman
Iheartcheese@lemmy.world 12 hours ago
I’m a dumb American and don’t know who this is. He didn’t really do that did he? What the fuck is going on.
Denjin@feddit.uk 9 hours ago
SatansMaggotyCumFart@piefed.world 11 hours ago
Nah it’s one of them stories that sound cool and smart and shit but it’s made up.
RickyRigatoni@piefed.zip 4 hours ago
All stories are made up.
sorghum@sh.itjust.works 11 hours ago
Nobel prize in econics back in the 70s. Wrote several books most notable being Capitalism and Freedom
9point6@lemmy.world 10 hours ago
He’s one of the fathers of neoliberalism, and therefore a lot of the problems we all face today
ChilledPeppers@lemmy.dbzer0.com 4 hours ago
I believe he is the one who coined the term, and if you read the text in which he did that, you will see that what we got is nothing even close to what he wanted.
silverneedle@lemmy.ca 5 hours ago
Neoliberalism would have come one way or the other. Doesn’t matter if Milton Friedman was a Jack Burner or a Jan Wouters.
wonderingwanderer@sopuli.xyz 3 hours ago
That’s a part of the lie that “capitalism is inevitable.”
It’s not. Just because the world is a certain way for a time, doesn’t mean it has to be, and the world is never done changing and evolving.
The world we live in today is the result of millions of decisions that humans have made. Collective decisions, individual decisions, competing decisions, strategic decisions. It all adds up and substracts and the net result is the world we have today.
Capitalism isn’t inevitable. Oligarchs only want you to believe that so you accept it as the so-called “real world.”
Maybe Friedman wasn’t the guy that made neoliberalism the dominant system today, but if we didn’t have Reagan or Thatcher, we wouldn’t have austerity for the poor and “trickle-down” supply-side economics as the main standard methods of political economy.
silverneedle@lemmy.ca 3 hours ago
Incorrect. Capitalism was practically everywhere in the 70s when Neoliberalism came onto the scene. It was already there. Neoliberalism is a logical development within capitalism as capitalism reaches the highest possible productivity achievable with it.
There is nothing super special about Neoliberalism when you look at the way the world was before WWII.
Great man/woman theory.