Conference Report The Future Of Liberalism Day 2 And Day 3

Recently, the term Neoliberalism has come to symbolize the myths of self-regulating markets, and the huge waves of privatization and deregulation that swept the world in the first decade of the 21st century. [...] The primary constant in most neoliberal theories and ideas up through the later part of the 20th century is their emphasis on both the continued importance of market mechanisms as the defining characteristic of economics and the legitimacy of state intervention in the economy. [...] Thus, the answer to the antagonism of the present day, the angst over the future of liberalism, is to balance the excesses of economic globalism, by rallying around social norms of global diversity, to empathize with one another and build stronger institutions to stabilize everyone’s lives. [...] Remarks from Naoki Yoshihara Do you think that the model of market economy in mainstream economics can capture the basic features of the capitalist economy? Because you mention that in the constants in the theory of Adam Smith, institution and the role of community are important to preserve society and the market condition. [...] These themes appeared again in many of today’s talks, starting with the first one, the epistemic crisis, and through that, the second crisis, that of ideals of freedom, of individual markets and of the structure of ownership, which protects the private interest and also the public trust that is put in these institutions.