Summary What Is Neoliberalism? - YouTube (Youtube) www.youtube.com
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n/a Neoliberalism is a political ideology that seeks to transfer control of the economy from a government to the private sector. Neo is often associated with faction and Reagan and the 19 eighties more generally, but it actually has its roots in an ideology. More than a hundred years older. Classical liberal. But before we get to that, hit the subscribe button and like this video for more great content, without further ado, his neo.
n/a The best way to understand neo is as an ideology, that came about in response to the economic stagnation and high debt of the 19 seventies. As a result of this, a group of economists, the chief is amongst whom were Milton Friedman and Friedrich Hay, called for a return to classical liberal. This helps to explain the name. Neoliberalism, Neo meaning, in this case, a revived form of classical liberal. But what's classical liberal?
n/a Classical liberal is generally associated, with an ideology that became popular in the nineteenth century that stressed individual freedom and democracy That is the right of the people to choose their own government. However, in the early twentieth century, across the world, a different type of liberal, began to replace classical liberal. Known as social liberal or modern liberal. This kind of liberal focus more on removing the things that were seen as obstacles to individual freedom, like poverty, wealth and inequality, and social injustices, like racism and discrimination. Because of this, many aspects of the early Welfare State like government provided healthcare benefits to the unemployed and elderly and regulations or rules on working conditions were formulated by social liberals, in the early twentieth century.
n/a In the 19 thirties, social liberals like beverage and keane are also called for full employment which is where everybody has a job and also spending more drawing recessions to curb unemployment. When these and other similar ideas were eventually enacted in countries across the world after the second world war, This became known as the post war consensus. Neo like hay con freed on the other hand. Favored return to classical liberal. And with the successive elections of right wing governments in the 19 eighties, they helped lay waste to the social liberal consensus.
n/a Neo liberals saw this consensus as being responsible for the economic stagnation and high debt of the 19 seventies. For neo approach in its emphasis of the values of classical liberal, prior to the economic rights of the individual above all else. Because of this, Neoliberalism believe that government policies such as taxation and regulation, reduced. The freedom of the individual to do what he or she wants with their own money. Neo liberals also believe that competition improves businesses, the and that they can only experience the full brunt of this when free of regulations and subsidies, which is money that the government gives to businesses, As a result, Neoliberalism governments in the Usa and the Uk in the 19 eighties implemented what is called lai fair economics.
n/a Coming from the French phrase, meaning leave alone. This means the government stays out of the economy as much as possible, which manifests itself as major der stagnation, reduced taxes as well as removing the barriers to free trade, and cutting subsidies to manufacturing industries. Also, whereas John Maynard keen economic approach. Push for the government intervening in the economy to make sure everybody had a job and spending lots on recessions to ward off unemployment Neo favored government staying out of the economy as much as possible. And thus believed that the best way to stabilize an economy, was to control the money supply as opposed to spending more.
n/a This is called monet. However, because of neo emphasis on the economic rights of the individual to do as he or she pleases with their own money. It means that if they lose money or lose their job, That's their own fault. Because of this, under a near level system a inequality or some having more than others. Is inevitable, even desirable.
n/a The neo approach often costs a lot to pay for things like tax cuts, money, which often comes from raiding public services that help the weakest in society. Also, because of the stress Neoliberalism places on individual, over the government. There is less of the emphasis on democracy, the classical liberal and social liberal share. Neo liberals tend to fear the mob rule effect of democracy. The fact that people could vote in governments that could infringe on the economic rights of individuals like socialist governments, Friedrich Hay even when as far as sue argue, the neo could be brought out under a dictatorship.
n/a There is an extent switch, this has in fact already happened in many countries. What with Cro capitalism more generally and the housing crisis in 2008, The government supported the interests of banks and big businesses, contrary to what people actually wanted them to do. They effectively democracy. To conclude, neo is a political ideology that became popular during the 19 eighties as a response to the economic stagnation of the previous decade. A primarily economic ideology, neo pride the individual's right to do as he or she chooses.
n/a With their own money. So once The cut all barriers to this, which includes high taxes, regulations, and even subsidies and benefits, Government policies that according to neo, risk freeing individuals and businesses from the competition, they supposedly need to thrive. Going hand in hand with this emphasis on the individual is an almost pass towards or even desire for inequality, as well as a possibility towards how the Neoliberalism agenda is implemented, Democratic, or otherwise. That's Neoliberalism. Don't forget to like, share and subscribe.
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