Again, neoliberalism is not synonymous with radical laissez-faire free market dogma ala Ayn Rand. The neoliberals accepted pro-business government intervention, and even a measure of welfare as long as the ultimate beneficiaries were businesses, where Austrian Randroid types never would, at least consciously. State regulation was to be used from the outset as a "pro-growth" engine rather than merely implicitly as wjth rhe Keynesian knock-on effect. I mean, make no mistake, Traditional New Dealer Keynesian social democrat types were also believers in regulated capitalism of course, but the neoliberals thought there need be no inherent contradiction between this and pro-business policies.
Reagan would personally have preferred retarded Austrian libertarianism, just as Clinton would have preferred Keynesian liberalism. Both ended up promoting neoliberalism instead as an apparent consensus compromise model.
Reagan would personally have preferred retarded Austrian libertarianism, just as Clinton would have preferred Keynesian liberalism. Both ended up promoting neoliberalism instead as an apparent consensus compromise model.