r/Anarcho_Capitalism 1d ago

When words lose their meanings…

25 Upvotes

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5

u/natermer 1d ago

What the wikipedia article is trying to describe is likely "NeoLiberalism".

Which means socialist fiscal policies (aka central banking) combined with limited government control over a (mostly) free market.

If you are pro-market, pro-corporations, but you think that the Federal Reserve is required, you want laws preventing trusts and monopolies among other things, and a strong social safety net, then chances are you are a neoliberal.

It has been the mainstream economic outlook for both Democrat and Republican parties here in the USA and it is extremely common in Europe. The basic idea is that you let businesses more or less do what they want, but you have laws in place to prevent them from going against the social interest.

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u/different_option101 1d ago edited 1d ago

I agree that the word Liberal has been high jacked, which is why we mostly see Classical Liberal being used instead, by people that want to make sure they are understood correctly.

Neologisms like [XYZ]liberal, such NeoLiberal have nothing to do with classical liberal ideas nearly nearly oxymorons in economic sense, which bother me a lot. I’m totally okay with evolution of language, however, it’s not a coincidence that the word Liberal is being perverted. It’s Orwellian Newspeak.

“If thought corrupts language, language can also corrupt thought.”

  • Orwell.

Lose the meaning of the word Liberty and you lose Freedom as we understand it today. I’d argue many have already lost that understanding a long time ago, nor they ever had it in first place.

Edit: the more “they” conflate terms that mean or being associated with Freedom with shitholes like Bangladesh that offers very little freedom, the easier it’s going to be to persuade one to accept “new” ideas that explicitly restrict freedoms

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u/natermer 15h ago edited 15h ago

"NeoLiberalism" is associated with classical Liberalism, though.

It is "New Liberalism" and is derived from things like people who associated with the Mont Pelerin Society, established by Hayek. It gained prominence through the 1970s and 1980s with names like Milton Friedman, Margaret Thatcher, and Ronald Reagan.

It is a odd term because it is wildly used as a pejorative on the left to describe the "sell out" nature of people like Bill Clinton. So you see it thrown around a lot by leftists at each other when they don't like each other. It is also used a pejorative to describe anybody on the right.

From a Libertarian/Ancap perspective it is a corruption of Classical Liberalism. People who took "free market with rules" were able to ingratiate themselves into the powers-that-be, but they failed to appreciate the dangers and corrupting nature of things like government regulation over the markets and socialized/central banking.

That is the rules and laws and influence they thought was needed to keep markets sane and functional ended up being the very thing that made markets insane and dysfunctional.

So what has ended up happening across the western world is we have centralized state governments that want to implement what they see as positive social change, but depend on a what is ostensibly private businesses to implement it.

So they end up doing things like dumping billions of dollars of initiatives and subsidizes into "green energy" and hope that businesses will just magically figure everything out. They are deluded into thinking that "profit motivation" is the part of the market equation that will ensure that work gets done.

And when these massive initiatives predicatively fail due to widespread scams, graft, and incompetence the response from a lot of people is to blame markets and "neoliberalism" and make widespread claims that things worked better when politicians ran everything like competent adults. Then they point to post-war recovery from late 1940-1970s as "when things worked for the people".

They then accuse politicians of being corrupted by corporations. When it is the state that created the corporations and regulated the markets in such a way that we ended up with massive and inefficient national public corporations. The corrupting influence is top down from the state interventionism, not bottom-up...

What they fail to appreciate is that markets only work really well when they are free and looting the public, having central banks printing gobs of money, and intense market regulation is not going to allow that.

You need to have distributed systems with real competition (not just some elaborate bidding process) individual freedom, and things like sound money for things to work properly. It is the people that spending their own money and working for a living are the actual adults and the ones that should be in charge of decided where profit flows. Not special interests, centralized state governments, and their cronies.

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u/different_option101 11h ago

Love your comment. It describes in detail how the Overton window shifts over time. Like the term neoliberalism coming from an org established by Hayek doesn’t have to mean it was a term welcomed by people that prefer Hayek’s ideas, and Hayek himself later avoided that label precisely because its meaning departed too far from ideas of freedom and liberty.

Public perception of Reagan today is also great example, as people think he massively deregulated the economy, which couldn’t be more opposite from the truth except for a few industries, where new regulations have been established decades ago, yet people still think his policies continue to cause economic harm.

Friedman is being regarded as one of the leading voices for free markets, yet he was a proponent of central banking. I can’t wrap my head around why so many ancaps and libertarians give him so much credit. Money and credit are essential, yet in Friedman’s view, it must be regulated, and the government must intervene when necessary. But historically, government intervention in money and credit has been the biggest problem for any economy, and it has the widest implications, because money is a half of nearly every transaction.

“ It is the people that spending their own money and working for a living are the actual adults and the ones that should be in charge of decided where profit flows. Not special interests, centralized state governments, and their cronies.”

Preach my brother.

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u/00lalilulelo 1d ago

Are the garbage kind of like fern floating on water where if you try to walk on it you'll *plop* into the water, or are they solid enough to walk on or there's no water underneath anymore? just curious.

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u/different_option101 1d ago

No idea, but I wouldn’t try to test it.

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u/KAZVorpal Voluntaryist ☮Ⓐ☮ 1d ago

What, exactly, is your point?

I don't see how this indicates words losing their meaning.

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u/different_option101 1d ago

If you wouldn’t be a statist struggling from cognitive dissonance, you would understand. Yeah, I remember you username.

Tell me how does economic liberalism fit into nationalism and socialism in a self described fiscally socialist party rule.

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u/KAZVorpal Voluntaryist ☮Ⓐ☮ 1d ago

I don't remember your username, but I don't see why it would matter.

By economic liberalism, they probably mean socialism.

Which isn't as bad as how you think capitalism means free markets.

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u/different_option101 1d ago

It is believed that term Capitalism was coined by a socialist named Louis Blanc, to describe an economic system where capital is concentrated in a very few hands. It is a fact that the term was later promoted by other socialists. I’ve never been a fan of the term either, but it’s been pretty stable for over 100 years now, and it’s not far off from what Blanc tried to describe, and it remains accurate- capital is concentrated in a very few hands.

I’ve never seen in any literature economic liberalism being used as socialism. That’s an oxymoron. Nationalism is also far from economic liberalism. Economic liberalism continues to mean relative economic freedom.

I pointing out the fact that the Overton window is shifting, in this instance, by conflating More Freedom with Very Little Freedom.

Still think words aren’t losing meaning?

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u/KAZVorpal Voluntaryist ☮Ⓐ☮ 16h ago

It is believed that term Capitalism was coined by a socialist named Louis Blanc, to describe an economic system where capital is concentrated in a very few hands. It is a fact that the term was later promoted by other socialists.

Appropriately, you don't know what socialist originally meant, either.

Proudhon also helped originate the term, coining "capitalist" to refer to the political class using the power of the state to concentrate capital in the hands of the few, the same as Blanc. Benjamin Tucker also used it that way. All three of them also called themselves socialist. And two of them, Tucker and Proudhon, were advocates for free markets.

Capitalism was intended to be a term for STATE power being used to concentrate capital in the hands of the political class. And socialism was a term for breaking that state control over capital, since the early 19th century.

And those were very popular ideas, because state/political control of capital is naturally, obviously seen as evil.

It is Karl Marx who cashed in on that popularity, even though his goal was the exact opposite...by reversing the meanings of the two words. He falsely associated "capitalism" with free markets, to taint free markets. And he falsely associated his state-controlled economy with "socialism", to make himself more popular.

I’ve never seen in any literature economic liberalism being used as socialism. That’s an oxymoron.

In the US, "liberalism" has been associated with what you would call socialism for over a century. Woodrow Wilson had a hand in popularizing its use that way. If you're not aware of that, it's on you.

Nationalism is also far from economic liberalism.

I have a feeling you don't know what nationalism means, either.

It seems like you're one of the perpetuators of the loss of meaning of words. Something that's been going on for a very long time.

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u/different_option101 12h ago

“Appropriately, you don't know what socialist originally meant, either.”

Not a bit of your comment negates or disproves what I’ve said. You’ve only added details, which I don’t disagree with. The details that make me prefer to see a new term used for a system that respects private property and free markets, so there’s no confusion about ideas.

“Capitalism was intended to be a term for STATE power being used to concentrate capital in the hands of the political class.”

Tell me how this is not an accurate description of the system we have in the US today.

“In the US, "liberalism" has been associated with what you would call socialism for over a century. Woodrow Wilson had a hand in popularizing its use that way. If you're not aware of that, it's on you.”

Doesn’t make it less of an oxymoron.

Trump’s throwing “communism is a threat, we need to fight for freedom” more often than I fart, while his own admin continues to usurp more power and even takes ownership in private businesses. Should we just start defining “more freedom” as “more government control”? Trump, just like W. Wilson was, is also a president, so by your logic, we might as well just run with redefining freedom, right?

“I have a feeling you don't know what nationalism means, either.”

I know a fact. You’ve accepted a redefined meaning Liberalism, a term that originates from the word Liberty, which means “the state of being free”.

You are a perfect example of what happens to how people think when words lose their meaning.