Reminiscent of twentieth-century Marxist ideologues now passed from the scene, advocates of this extremist ideology seek to cut off debate by proclaiming the inevitability of the historical forces advancing their cause. They tell us that a globalized free market that leaves resource allocation decisions in the hands of giant corporations is inevitable, and we had best concentrate on learning how to adapt to the new rules of the game. They countenance no middle ground, such as a market that functions within a framework of democratically determined rules. Again, in defiance of history and logic they recognize no middle ground, such as the possibility that governments might establish appropriate rules to assure that cross border exchanges are fair and balanced to the mutual benefit of people on both sides. Rather they free global corporations to plan and organize the world's economic affairs to the benefit of their bottom line, without regard to public consequences.
Neoliberal economists embrace two first principles as fundamental articles of faith.
One is that individuals are motivated solely by self-interest. The other is that individual choice based on the unrestrained pursuit of self-interest leads to socially optimal outcomes. Neoliberal economists provide corporate libertarianism with a patina of intellectual legitimacy. Property Rights Advocates. While true libertarians seek to defend individual freedom against intrusion from coercive institutions of any kind, market liberals are mostly concerned with protecting the rights from property from public accountability.