Pros and cons of neoliberalism
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- Опубликовано: 15 июл 2018
- Does an unrestrained free market promote peace and prosperity, or does it exacerbate economic and social inequalities?
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Seems like anything sounds cool when you add neo to it; neo electro, neo soul, neoclassical, neo liberal, neo conservative, neo-naz-- actually, never mind that one
I'm all for minimal government involvement... but my version of minimal includes universal healthcare, environmental protections, and a response to wage stagnation.
For some reason I associate this term, neoliberalism, with the Ferengi of Star Trek. Yes, I know they are just a comical species, and they are just a fantasy like the series, but their way of thinking and acting could be an example of this term. You live to profit from every situation, you have rules of acquisition, you pay for everything, if an endeavor is not profitable enough, it is not worth the effort, friendships, family and society in general are secondary or worthless as long as there is first a profit to be made, wealth by itself is enough motivation to break rules of society, the wealthy should have all the privileges while the not so wealthy should have little or none, wealth buys power, justice, people and the list goes on. I wonder if the creator of this species back in the late 80s, in reality was making a mockery of neoliberalism.
It's also creates larger boom bust cycles and creates massive inequality.
Basically just far far right wing
This video misses out on the interplay between private industry and governments, and especially on the web of NGOs and think tanks bridging the gap between the two. Neo-liberalism is not simply "free market capitalism," but rathar more like like "government BY capital investment."
After watching this, I'm more confused than ever. I'm just not convinced that neoliberal thinking includes low taxes and low regulation. Also why no mention of corporate welfare?
Pros? Didn't know this was a comedy video lol
Neoliberalism is awesome... if you are born rich.
This is exactly America right now
It will be shocking for our descendants to learn that we voluntarily sacrificed our cash to the richest Americans in the hopes that they’d give it back someday.
pros: if you are already rich
There are only cons
Pros: money :)
Pros: it might not be around forever
Can't wait for the pros and cons of genocide video; that is since Harvard made it clear it's a nuanced topic and not cut and dry
Since the 1980s, Western leaders have insisted on the Chicago School free-market claim that neoliberal economies are naturally self-regulating and more productive than mixed economies with government regulation and ownership of basic infrastructure. Friedrich Hayek proclaimed that such government “interference” is the road to serfdom. That was the Orwellian rhetoric that so entranced Margaret Thatcher and American libertarian free marketers and deregulators, and which underlies much of the New Cold War’s hyperbole. A “market” with public “interference” is accused of “violating” economic “liberty”- by which is meant the liberty of the wealthy to deprive debtors, clients and consumers of their own economic and personal freedom. The two thousand years of historical experience since classical Rome shows that such liberty or “free markets” for the wealthy lead to oligarchy, and that oligarchies literally are the road to serfdom.
Proponent of neoliberalism see free market and free trade as a foundation for human flourishing, creating the most favourable conditions for individual liberties, job growth, technological innovation and transnational collaboration that promote peace, and global prosperity. They believe that government interference with free market systems promotes waste, inefficiency and stagnation. They reject regulations on industries, high taxation and public services that are not subject to market competition, and believe in shrinking the size of government and restricting its functions to the protection of private property through policies and law enforcement, the facilitation of global commerce, and the maintenance of a strong military.
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Pros: You are an upper class person