October 1, 2022
What is neoliberalism and why do some deny its existence?

What is neoliberalism and why do some deny its existence?

  • Gerardo Lisardi
  • BBC News World

credit, Getty Images

It has been a topic of debate in Latin America for decades, but for many it is difficult to define and others believe it does not exist: neoliberalism, the word that marked an era.

It suffices to examine the election campaign in Chile – the Latin American country focused on the greatest influence of neoliberal ideas – to see how the concept remains a turning point in the region.

On the other hand, Caste presented neoliberal signs, such as the free market and reduced state interference in the economy. The program of his government mentioned one of the greatest references to this line of thought – the American economist Milton Friedman.