OF THE
TIMES
But this leads to the main paradox of neoliberalism. Its economic system needs a strong state, even at the expense of constraining democracy, to guarantee property rights and the working of the free market, while actively maintaining the rule of neoliberal social philosophy. At the same time some of its proponents tend to dismiss strong states (Mirowski, 2013). In fact, laissez faire was the last thing neoliberals wanted to achieve. This paradoxical stance towards the state led Milton Friedman, the policy entrepreneur to become an advisor of the Chilean dictator, Augusto Pinochet to transform Chile into a policy playground.If there should be "markets in everything," it follows there should be markets in selling off bits of the state. That works until it doesn't, as (I would argue) the Tory heirs of Maggie Thatcher are discovering.
Comment: Pavel keeps using that word 'sovereign'. We don't think it means what he thinks it means.