Neoliberalismas the name suggests is the reoccurrence of liberalism. From thisdefinition, it explains that, liberalism as a political notion hasbeen lacking from the political scene and policy making for quitesome time and has emerged later in a reincarnated form. It meansthat, liberalism has undergone gone through a process of growth,decline and finally rejuvenation. In essence therefore, neoliberalismmay share common historical roots and some of the primary vocabularywith liberalism. Liberalism on its own refers to political, economicor religious ideas. Basically, liberalism in the United States was astrategy to deter social conflict.
Neoliberalsare critical of moral leadership and are in particular concernedabout demands on tax payer and are affiliated to the right but areless authoritarian. This is in contrast to neo-conservatisms which ishard-right, advocate for high military spending and global assertionof power. In an economic viewpoint, neoliberalism is a school ofthought advocating for the enhancement of trade between nations. Itemphasizes on free movement of resources, goods and businesses in aneffort to always find cheaper resources that in return maximizeprofits and efficiency. To achieve this aim, neoliberals require theremoval of different barriers including laws and legislations ininternational trade.
Ultimately,I have learnt that, neoliberalism is a school of thought that isfocused on deregulating economy, by allowing it to naturally takeshape. It calls for privatization of basic services and reduction ofgovernment control on such services. In this way, neoliberals are ofthe notion that, the economy is better when left to take course. Moreimportantly, neoliberalism takes a different stance from otherschools of thought including neo-conservatism.