If there is one common enemy that all opponents of individual liberty, free markets, and limited government seemingly can agree upon it is the “evil” of neo-liberalism. Everything that is hated in an open, competitive market society is summed into that word and condemned. The problem is that actual free market liberalism has nothing to do with its “neo-liberal” caricature and is being used as a rationale for abolishing what remains today of a free market society.
The idea of need for a “new,” or “neo,” ”liberalism did not arise out of the ranks of the proponents of laissez-faire as an attempted justification for unrestrained and unregulated markets. Instead, it emerged from those who wished to do away with the relatively free market system of the mid- to late 19th century as it was still widely in existence, especially in countries such as Great Britain and the United States.
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