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Neoliberalism, politics and society
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• Neoliberalism is a form of economic liberalism
• Advocates of neoliberalism support
– Economic liberalization
– Open markets
– Free trade
– Deregulation
– privatization
• Neoliberalism seeks increased participation of the private sector in economic activities
• It emerged in the 1930s from European scholars
• Neoliberalism was a political movement that mixed economic growth with traditional liberal concerns for social justice
• Neoliberalism supported the establishment of regulatory bodies
• Neoliberalism also supported the suppression of organized labor
• The state has a central role to the projects of neoliberalism
• Neoliberalism was politically supported because it favored social progress through reforms
• Neoliberalism seeks to use its political and state powers to transfer the economy from public to private control
• This policy is politically based on the assumption that the government will achieve efficiency
• Economic freedom created by neoliberalism is believed to foster political freedom
• Neoliberalism has the potential to support democracy because economic freedom raises the expectations for political freedom
• Neoliberalism policies affect the society because they touch on important aspects of life
• These policies facilitated the improvement of life
• People are exposed to the markets in order to obtain necessary items
• Education improved as the government allocated resources to private providers
• The society lives in a heavily subsidized society
• Neoliberalism is a form of economic liberalism
• It emerged in the 1930s from European scholars
• Neoliberalism was a political movement that mixed economic growth with traditional liberal concerns for social justice
• Neoliberalism has the potential to support democracy because economic freedom raises the expectations for political freedom
• PLEASE CLICK ON THIS YOUTUBE LINK TO VIEW THIS VIDEO- https://www.youtube.com/watch?v=7kL4p3llmHk
• Balkan, N., & Savran, S. (2002). The ravages of neo-liberalism: Economy, society and gender in Turkey. Huntington, N.Y: Nova Science.
• Konings, P. (2009). Neoliberal bandwagonism: Civil society and the politics of belonging in anglophone Cameroon. Bamenda, North West Region, Cameroon: Langaa.
• Peters, M. (2001). Poststructuralism, marxism, and neoliberalism: Between theory and politics. Lanham, MD: Rowman & Littlefield Publishers.