In this episode, James, Eric and Oliver critique Dame Anne Salmond's Newsroom article that characterises the proposed Regulatory Standards Bill as part of a broader neoliberal agenda to undermine democracy in New Zealand.

They challenge both Salmond's immediate criticisms of the bill (which they argue misrepresents its regulatory quality focus) and her broader historical argument linking classical liberal organisations like the Mont Pelerin Society to anti-democratic movements, arguing instead that classical liberalism has historically stood against totalitarianism and for democratic values.