Neoliberalism on the 12 Axes

Neoliberalism took shape in the mid 20th century with economists such as Friedrich Hayek, Milton Friedman and the Mont Pelerin Society (founded 1947), and became policy from the late 1970s under Margaret Thatcher, Ronald Reagan and many governments in Latin America, Eastern Europe and elsewhere. The 'Washington Consensus' of the 1990s summed it up: open trade and capital flows, privatization of state companies, independent central banks and balanced budgets. International bodies such as the IMF, World Bank and WTO played a central role. Compared with Classical Liberalism, neoliberalism is more internationalist and more comfortable with a strong state that enforces market rules. Compared with Liberalism, it puts growth and markets ahead of welfare spending and redistribution.

• Liberalism 81%Liberalism is the mainstream tradition of liberal democracy: individual rights, civil liberties and the rule of law first, with a regulated market economy, free trade and open international cooperation.
• Classical Liberalism 76%Classical liberalism defends individual liberty, private property, free markets and the rule of law, with a limited government whose main job is to protect citizens' rights.
• Social Liberalism 75%Social liberalism holds that individual freedom requires real opportunity, so it pairs a market economy and civil liberties with public education, healthcare and social insurance.
• Georgism 75%Georgism is an economic philosophy holding that people own what they produce, but land and natural resources belong to everyone, so the main tax should fall on land value.