Neoliberalism, politics and society

• 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

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• 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.