neo-liberals

Question 1

Hayek:

Answer 1

‘an expanded enabling state and paternalism creates a dependency culture’
‘the welfare state will bankrupt the state and society’
‘from cradle to grave’- the state supports people too much

Question 2

Robert Nozick:

Answer 2

‘tax is theft’

‘tax infringes upon freedom’

Question 3

Milton Friedman:

Answer 3

‘the state does not have the ability to intervene in the economy’
critical of keneysian economics
‘the state is in equipped to intervene in the economy’
‘Keynesian economics leads to inflation and erodes citizens wages and savings’

Question 4

what did Neo liberals believe with state interference in the economy?

Answer 4

-the government should be limited to controlling inflation through monetarism

Question 5

what is monetarism?

Answer 5

controlling inflation through interest rates

Question 6

how far do Neo-liberals and Neo-conservatives agree?

Answer 6

• a strong authoritarian state to maintain order

- low taxation through cuts on welfare state

Question 7

how far do Neo-liberals and Neo-conservatives disagree?

Answer 7

• Neo-liberals wish to roll back the state, but Neo-conservatives wish to roll forward the state
• Neo-liberals are more relaxed with immigration, but Neo-conservatives are more wary of it

Question 8

what did Neo-liberals think about an organic society?

Answer 8

it blunts the development of the individual

Question 9

what is Nozicks view on the state?

Answer 9

the state should be limited to law and order, protection from foreign invasion and should be a minimal state

Question 10

what was Nozicks view on the economy?

Answer 10

he believed in laissez faire economics and free market capitalism with a privatised economy

Question 11

what is a nightwatchman state?

Answer 11

the idea that the state is only there to observe/protect the people