I frequently use the label ‘neoliberal’ to describe a certain political stance that is common among Democrats. I use it in a pejorative way and on occasion commenters have said that the term itself is meaningless and is used as a gratuitous slur. Via reader Jeff Hess, I learned about this long essay titled Neoliberalism: the idea that swallowed the world by Stephen Metcalfe that explains in detail what the neoliberalism economic philosophy is and who its creator Friedrich Hayek was. Metcalfe says that those who say that it is a meaningless label that used mainly to attack so-called ‘centrists’ are wrong. He says that neoliberalism represents a particular economic and political view that has proven to be seriously damaging and that is why those who are described as neoliberals are the ones who most angrily shy away from the label.
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