The Complex Legacy of Neoliberalism

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The term “Neoliberalism” is often used in various circles, particularly progressive, far-left, and some on the right who are skeptical of liberalism. It can encompass capitalism, secularism, internationalism, cultural homogenization, and the sexual revolution. While critics argue it has eroded labor unions, alienated workers, exploited poor countries, and harmed the environment, it has also led to a significant decrease in global poverty.

Neoliberalism has brought about prosperity but has also dismantled traditional values, causing some suffering. In the United States, it has made individuals more isolated and transactional in their relationships, as seen in a Pew Research Center survey showing Americans feel less connected to their country and community. This trend is especially prevalent among younger, more secular, liberal Americans who are disconnected from their neighbors.

While critics of neoliberalism may feel jilted by its consequences, they must recognize that true connection and belonging may require a return to traditional values such as faith, family, and community.

Timothy P. Carney
Timothy P. Carney
Timothy P. Carney is a senior political columnist and a senior fellow at the American Enterprise Institute. He is the author of Family Unfriendly: How Our Culture Made Raising Kids Much Harder Than It Needs to Be, Alienated America: Why Some Places Thrive While Others Collapse, The Big Ripoff, and Obamanomics.

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