Neo-liberalism is characterized by

The characteristics of neoliberalism are:

Feature 1: The market is completely free to compete.

In essence, it is a theoretical premise to create an abstract "ideal market" that is divorced from the economic base and superstructure and ignores people's social attributes and position in production relations.

Feature 2 advocates individualism

Everyone is self-interested in economic activities first, followed by altruistic motives and behaviors. Collective interests are the sum of individual interests, and the realization of any collective interests should not be at the expense of suppressing reasonable individual interests. Social goals cannot

Restrain personal goals.

Feature 3 advocates a laissez-faire market economy

Free choice is the most basic principle in economic and political activities. Should be free to own private property, free trade, consumption and free employment.

The fourth feature supports the exertion of the power of the "invisible hand"

Self-regulation of the market is the most superior and perfect mechanism for allocating resources, and free competition in the market is the only way to realize optimal allocation of resources and full employment. Neo-liberal economists believe that under the centralized decision-making system, it is impossible to realize the effective allocation of scarce resources, because the government cannot have enough information to make wise decisions.

Feature 5 Oppose excessive state intervention in the economy.

The state planned economy and adjusted distribution destroyed economic freedom, stifled the enthusiasm of "economic man" and reduced production efficiency. Only by letting the market go its own way will it produce the best results. Therefore, whenever possible, private economic activities should replace public behavior, and the government should not interfere too much.

Feature 6 Advocating privatization

Privatization is the basis to ensure the full play of market mechanism, and private enterprises are the most efficient enterprises, which requires privatization reform of existing public resources. For example, water supply, such commodity resources can be operated by private enterprises, but their own ownership still does not belong to private enterprises and follows the market-oriented mechanism.

Neo-liberalism is the main school of modern British political thought. It advocates maintaining individual freedom, mediating social contradictions and maintaining the capitalist system of free competition in the new historical period. Therefore, it has become the revival form of economic liberalism and has played an increasingly important role in international economic policy since the 1970s. Neo-liberalism refers to a political and economic philosophy that opposes state intervention in domestic economy. There are other books with the same name.