Neoliberalism

Fri, 2014-09-12 02:27Brendan Montague
Brendan Montague's picture

Hayek, Keynes and the Seeds of Denial: "This is the Thing We Need at the Moment - to Fight Keynes!"

Hayek is the intellectual inspiration for neoliberal think tanks and their war against Socialism, government regulation and, today, climate science. But are these tankers really faithful to his ideas?

As our story unfolds we will see that climate denial is the invention of a network of think tanks first established to promote free market ideology.

The neoliberal intelligentsia running these organisations will have, almost without exception, read and been hugely influenced by a book called The Road to Serfdom by the Austrian economist Friedrich von Hayek.

Sun, 2014-06-15 07:00Justin Mikulka and Steve Horn
Justin Mikulka and Steve Horn's picture

Meeting Logs: Obama White House Quietly Coddling Big Oil on “Bomb Trains” Regulations

When Richard Revesz, Dean Emeritus of New York University Law School, introduced Howard Shelanski at his only public appearance so far during his tenure as Administrator of the White House Office of Information and Regulatory Affairs (OIRA), Revesz described Shelanski as, “from our perspective, close to the most important official in the federal government.”

OIRA has recently reared its head in a big way because it is currently reviewing the newly-proposed oil-by-rail safety regulations rolled out by the Department of Transportation (DOT) and Pipeline and Hazardous Materials Safety Administration (PHMSA).   

During his presentation at NYU, Shelanski spoke at length about how OIRA must use “cost-benefit analysis” with regards to regulations, stating, “Cost-benefit analysis is an essential tool for regulatory policy.”

But during his confirmation hearings, Shelanski made sure to state his position on how cost-benefit analysis should be used in practice. Shelanski let corporate interests know he was well aware of their position on the cost of regulations and what they stood to lose from stringent regulations. 

Regulatory objectives should be achieved at no higher cost than is absolutely necessary,” Shelanski said at the hearing.

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