StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Neo-Liberalism - Essay Example

Comments (0) Cite this document
Summary
Milton Friedman supports neo-liberalism to the effect that there should be little emphasis on the government since the government is usually costly and inefficient. Friedmans kind of neo-liberalism espoused the type of neo-liberalism where the economy and industries regulate…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.2% of users find it useful
Neo-Liberalism
Read TextPreview

Extract of sample "Neo-Liberalism"

Insert How Milton Friedman Supports Neo-Liberal Policy in Regards to Government Regulation of Industry and Free International Trade
Milton Friedman supports neo-liberalism to the effect that there should be little emphasis on the government since the government is usually costly and inefficient. Friedmans kind of neo-liberalism espoused the type of neo-liberalism where the economy and industries regulate themselves and therefore, being able to balance their deficits and gains. In this case, private businesses and industries are deemed as commendable since they are very efficient, and are thus, the best way of solving problems (Steger and Roy, 13).
According to Philoguy, this is because, with private businesses, wealth trickles downwards from the rich capital owners to the middle class and low income earners, since businesses and industries create jobs. These jobs, together with the revenue they churn, help pump money into the economy, and thereby leading to more jobs. Because of the above standpoints, the government should let markets be controlled by market forces, so that there is free international trade (Philoguy, 1).
How the Opponents of Neo-Liberalism Criticize the Unregulated, Free Markets Promoted By Neoliberals
Opponents of neo-liberalism criticize it for its unregulated free markets as is promoted by neoliberals by arguing that free markets deny governments of sources of revenue, since governments are not supposed to exact tariffs on goods and services that are being traded. Again, the same argue that leaving markets and industries in the hands of market forces automatically means, making a dereliction on price controls and consumer protection. This therefore paves way for exploitation of the masses by entrepreneurs and rich capital owners. There are others who see unregulated free markets as unfeasible because it is based on assumptions that markets are equal yet they are not (Luxton and Braedley, 66).
Works Cited
Luxton, Meg & Braedley, Susan. Neo-liberalism. New York: SAGE, 2011. Print
Philoguy. "What is Neo-liberalism?" Daily Kos. Retrieved on June 4, 20113; from: http://www.dailykos.com/story/2011/08/16/1007496/-UPDATED-What-is-Neoliberalism# Electronic
Steger, Manfred & Roy, Ravi. Neo-liberalism: A Short Introduction. Oxford: OUP, 2010. Print Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Neo-Liberalism Essay Example | Topics and Well Written Essays - 250 words”, n.d.)
Neo-Liberalism Essay Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/history/1621844-neo-liberalism
(Neo-Liberalism Essay Example | Topics and Well Written Essays - 250 Words)
Neo-Liberalism Essay Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/history/1621844-neo-liberalism.
“Neo-Liberalism Essay Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/history/1621844-neo-liberalism.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Neo-Liberalism

Political and Cultural Consequences of Neo-Liberalism

...?Political and Cultural Consequences of Neo-Liberalism Introduction The word neo-liberalism can be rooted from globalisation. The term neo-liberalismcould also imply fundamentalism, and these two terms are in most cases interchangeably used. Neo-liberalism can be defined as a conjecture of political economics, which holds that the ultimate wellbeing of people can only be improved through liberating their individual entrepreneurial skills. This theory suggests that individual entrepreneurial freedom can be achieved inside an institutional framework that is distinguished by strong private property rights,...
10 Pages(2500 words)Essay

History of Latin America: Neo-Liberalism

...?Running head: History of Latin America: Neo-Liberalism HISTORY OF LATIN AMERICA: NEO-LIBERALISM Insert Insert Grade Insert April 30th, 2011 History of Latin America: Neo-Liberalism Introduction The recent years have witnessed Latin America desire to undergo drastic transitions universally, in the form of Neo-liberalism. Significant inroads have been developed via the utilization of the ideology and practice in the countries in terms of development, social and economic relations, as well as the trade realms. A budge from strategies that are inward-oriented to outward-oriented ones constitutes the...
5 Pages(1250 words)Term Paper

Neo-Liberalism and Global Environmental Governance

...to governments for development and poverty alleviation. The GATT agreement promoted global prosperity through the establishment of free markets. The World Bank together with donor governments promoted the idea of liberal market themes, which would also govern resource allocation. UNEP has enacted several laws in the areas of marine pollution, disposal of hazardous wastes, and depletion of the ozone layer. This body linked development and environmental depletion, which forced developed nations to reduce its budgetary allocation. The developed framework has established several institutions in various countries that deal with environmental issues. Developed nations have in the past used environmental laws to limit...
14 Pages(3500 words)Essay

Youth and Social Policy Neo-liberalism

...? Youth and Social Policy: Neo-liberalism and Neo-liberalism Neo-liberalism is an economic concept that emerged in the 1930s. It is a philosophy that has grown in popularity in the recent past and its application has also spread (Leighton, 2011). During the 1930s, the philosophy was used to strike a balance between the capitalists and the socialist. Neo-liberalism as an ideology is the term used to denote a social value of reducing the state functions to the society (Gamble, 2001). Capitalism was the theory that advocated for capital accumulation while socialism advocated for the pooling of resources as a society in order to improve the well-being of individuals in the society. Neo-liberalism emerged to merge the two concepts... by...
4 Pages(1000 words)Essay

Communication (Neo-Liberalism)

...173707 Neoliberalism refers to the political and intellectual movement stemming out of economic liberalism leading to political freedom combined with a flourishing economy and this concept is totally different from classical liberalism. This is also re-surfacing of economic liberalism in a distinctly diverse way though based on the earlier economic theories that shaped the political rhetoric of the era. This is directly connected with libertarian political philosophies. Although not a unified theory or practice it has its roots in the economic problems like debt crisis of developing countries, collapse of Soviet Union and economic power that holds sway over most of the political...
5 Pages(1250 words)Essay

Neo Liberalism

...114925 NEO LIBERALISM Neo Liberalism is a comparatively recent term used for global market liberalism of capitalism, and for free-trade policies.It is also interchangeable with globalisation in countries of South America. It is defined as a set of economic policies that have become widespread in the last 25 years or so. Today, neo liberalism has dominated the foreign policies of the world and changed the diplomatic relationships between countries. Due to its compulsion, countries have altered their external and internal courses both to an unrecognisable extent. It is not possible to say that neo...
8 Pages(2000 words)Essay

Citizenship in United Kingdom under Neo-liberalism

...[Supervisor Citizenship in United Kingdom under Neo-liberalism Part One Neo-liberalism is extensively used as a description of the revived form of economic liberalism that became increasingly significant in international economic policy discussions from the 1970s onwards. (Bateman 43) In its leading international use, neoliberalism refers to a political-economic philosophy that de-emphasizes or discards government intervention in the domestic economy. It focuses on free-market methods, fewer limitations on business operations, and property rights. In foreign policy, neoliberalism gives special treatment tot the opening of foreign markets by political...
8 Pages(2000 words)Essay

How successful is neo-liberalism in explaining why states cooperate

...How successful is neo-liberalism in explaining why s cooperate? Introduction The relationship between s within the international community is of particular importance for the promotion of various political, financial, social and cultural schemes. In fact, it is necessary that states cooperate in order to retrieve the most effective solutions especially in problems that are related directly with the interest of people internationally, like education, health, safety and freedom. Many theories have been developed regarding the reasons behind the cooperation of states; most of these theories are related with specific socio-cultural views; neo-liberalism is one of these...
12 Pages(3000 words)Essay

Political Economy - Neo-Liberalism vs. Classic Liberalism

...Neo-Liberalism verse ic Liberalism Neo-liberalism is associated with economic liberalism whose campaign support provides economic liberations, free trade and open markets, privatization, deregulation and promoting the role of private institutions present in new society. Classic liberalism criticizes the neo-liberalism objective of introducing liberalization to bring about gradual increase of wealth and freedom among nations, however, classic liberalism explains that instead of realization of wealth and freedom,...
5 Pages(1250 words)Essay

Classical Realism, Neo Liberalism and Constructivism

...The strengths and weaknesses ical Realism, Neo Liberalism and Constructivism Introduction and ThesisThe theory of international relations entails a course of varied lines of thought explaining the context and processes in which international systems work. The course of each of the theories is evidently backed with evidence accordingly. In this evaluation, the desertion evaluates the theories of classical realism, neoliberalism and constructivism in relation to the international relations, evaluating their strengths and weaknesses. Consequently, the facilitation concludes in defining the most significant of the three theories. Classical Realism Two Strengths: Classical realism has the implication...
8 Pages(2000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Neo-Liberalism for FREE!

Contact Us