Neoliberalism- International Relations
General ideas of neoliberalism
* Economy is a self-regulating entity that always balances out. * Government is inefficient and costly. * Private business is efficient and therefore the best way to solve our problems. * Wealth trickles down from the wealthiest to the middle class and the poor because businesses create jobs that then puts more money into the economy leading, in turn, to more jobs.
Examples of neoliberal policies
- World Bank - International monetary fund - World trade organization
Neoliberalism Ideology
Human wellbeing can be best advanced by liberating individual entreprenurial freedoms. Neoliberalism believes in transferring control of economic factors from the public sector to the private sector.
Neoliberalism Historically
Implemented to replace post-WW2 "embedded liberalism" in the West. Gained traction through the rise of informational technology, the fall of the soviet union, and globalization/trade.
Neoliberalism politically
Neoliberal states seek out internal organizations and new institutional arrangements that improve position in global market.
Neolibrealism
Neoliberalism is a free market economic philosophy that favors the deregulation of markets and industries, the diminution of taxes and tariffs, and the privatization of government functions, passing them over to private business. Institutions characterized by strong private property rights, free markets, and free trade.
What does neoliberalism mean in terms of society?
Neoliberalism is the commercialization of everything. Examples: - Copyrighting everything - Healthcare, education, and energy are NOT actually free in neoliberalist world
How do neoliberalism and capitalism relate?
Neoliberalism is the current manifestation of capitalism. It has become our ideology- our spontaneous reaction to the world.
Neoliberalism Economically
Restoration/constitution of class power
What does neoliberalism represent a shift away from?
Shift away from... - Embedded liberalism - Social redistribution - Compromise between capital and labor
How neoliberalism is implememented
When the peaceful spread of neoliberalism does not work, the U.S tends to use hard power
