The Facts and Acts of Neoliberalism

Neoliberalism, a current political economic paradigm in 21st century, has been described as an ideological dominant culture in that when neoliberal policies are criticized a common response is that there is no alternative . Neoliberalism is largely unused by the public in the United States, but it shows a relative handful of private interests are permitted to control as much as possible of social life in order to maximize their personal benefit. It is embraced by parties across the political arena, from right to left, in that the interests of wealthy investors and large corporations define social and economic policy. The free market, private enterprise, consumer choice, entrepreneurial initiative, deleterious effects of government regulation, and so on, are main principles of neoliberalism. Although neoliberal economic policy, which serves the interests of the wealthy elite, is good for everyone but neoliberal economic policy has created social and economic inequalities among individuals and nations. The wealth gap of neoliberalism is particularly large for African Americans and Latinos, as long as all other third world countries. Neoliberal economic policies have reproduced these inequalities among nations. These policies have damaged the economic sectors of countries like Brazil and Mexico, whereas local elites and transnational corporations are the main interest groups. Neoliberalism also works as a political system but the citizens remain spectators, diverted from any effective participation in decision making. Neoliberal democracy is a minor issues by parties that basically pursue the same pro-business policies regardless of formal differences and campaign debate. The neoliberalism in capitalist regimes, in the late 1970s, has been subjected to a number of insightful analyses and a growing number of wide-ranging critiques. It is defined by the ascendency of financial over industrial and other forms of capital, increasing indebtedness, public and private, rapidly growing and extreme wealth inequalities, increasing the rate of financial crises and ideological commitment to welfare state and privatization of public goods and benefits.

کلیدواژه ها:

Liberalism ، Neo-liberalism ، Democracy ، Political Economy ، Capitalism ، trade