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Neoliberalism is essentially a form of governing that sees democracy as an obstacle, at best, or as an illegitimate intervention into the rule of the market, at worst. For neoliberalism, rule by markets is understood as a form of governance that should be applied everywhere, not just to marketised goods, but to education, prisons, the organisation of state, and so on. So neoliberalism treats popular sovereignty, or decisions based on human agreement and deliberation, as inappropriate interference with the efficient market and the price mechanism. (en) |
