Bill Clinton Did More To Sell Neoliberalism Than Milton Friedman 

In recent years, the term ​“neoliberalism” has reverberated across academia, Twitter, and major media outlets. It has increasingly become shorthand for describing and dismissing the centrist and corporatist bent of the Democratic Party, symbolized by Bill and Hillary Clinton. This popularization has also stretched it thin. Broadly, neoliberalism describes the theory of political economy that free markets and government austerity are the best way to create individual freedom and choice.

Source: Bill Clinton Did More To Sell Neoliberalism Than Milton Friedman | Portside

The 50 Trillion Dollar Question: What is Austerity? 

The modern system of austerity took shape in the mid-1970s and we are still in its grip. Austerity is meant to trap us in a destructive double-bind; the race to the bottom for millions of people is also the race to the top for the few. The cost? More than $50 trillion. The human cost in misery, death, and despair? Devastating yet uncounted. More

Source: The 50 Trillion Dollar Question: What is Austerity? – CounterPunch.org