neoliberalism is not classical liberalism

neoliberalism and classical liberalism are both ideologies that advocate for limited government intervention in the economy and for the protection of individual rights and freedoms. however, there are some key differences between the two.

classical liberalism, which emerged in the 18th and 19th centuries, emphasizes the importance of individual liberty and limited government intervention in the economy. it advocates for free market capitalism, minimal government regulation, and a laissez-faire approach to economic policy.

neoliberalism, on the other hand, emerged in the 20th century as a response to the perceived failures of classical liberalism. it also emphasizes the importance of individual liberty and limited government intervention, but it also acknowledges that markets can create distributional problems that need to be addressed. neoliberalism advocates for market efficiency, and advocates for the use of market-based solutions to solve societal problems.

in practice, classical liberalism is more focused on the ideals of individual liberty, minimal government intervention and free market capitalism, while neoliberalism is more focused on the practical application of these ideals, with a focus on market-based solutions and economic growth.

additionally, classical liberalism is more skeptical of government intervention, while neoliberalism is more open to government intervention as long as it is done in a way that promotes economic growth and efficiency.

it's worth noting that the term 'neoliberalism' has been used in different ways over time, and it has also been used to describe a wide range of economic and political policies, so it's meaning can be somewhat ambiguous.