I am presuming you know what a ‘Neocon’ is? If not, briefly it is a branch of American Conservatism that focuses on foreign policy, where it defines national interests to include ideological interests e.g. the defense of other nations! with similar ideologies! for geopolitical purposes, proposing to use American economic and military power to bring democracy! and capitalism! to other countries.
Neoconservatives were strong supporters of the foreign policies of presidents Ronald Reagan (1981-89) and George W. Bush (2001-2009). The leadership role of Neoconservatives in pressing for an American-led overthrow of the Saddam Hussein regime in Iraq in 2003 outraged many critics.
'Neoliberalism’
Whereas ‘Neoliberalism’ describes a market-driven approach to economic and social policy based on neoclassical theories of economics that stresses the efficiency of private enterprise, liberalized trade and relatively open markets, and therefore seeks to maximize the role of the private sector in determining the political and economic priorities of the state.
Neoliberalism is in the first instance is a theory of political and economic practises, that proposes that human well-being can be best advanced by liberating individual entrepreneurial freedom and skill within an institutional framework characterised by strong private property rights, free markets and free trade
Why we should know this:
The advocates of the neo-liberal way now occupy positions of considerable influence in the Universities (thereby education), in key state institutions, Treasury departments, the Central banks, and also in those key international institutions, the IMF (International monetary fund) the World Bank, and the WTO
(World TradeOrganistion)
Neo- liberalism has in short become hegemonic as a mode of discourse, It has pervasively effected our ways of thought to the point where it has become incorporated into the common sense ways many of us interpret, live in, and understand the world.
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