Neoliberalism Flashcards
Deregulation:
he reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry
Individualism:
- less government involvement or intervention in the economy
- economic freedom, private ownership, competition etc.
Social production (discourse):
/
Truth vs truth:
- Truth: absolute, based on empirical evidence and objective reasons
- truth: wide-spread acceptance
Neoliberalism:
- new form of economic liberalism
- individual freedoms
- competition
- private property
- free markets
- as little government intervention and regulation as possible
- trickle down economics
Neoliberalists seek to privatize institutions such as…
- education
- health care
- social services
Neoliberalists seek to deregulate industries such as…
- energy
- communication
- food
- drugs
- finance
Why does George Manbiot argue that neoliberalism is the ideology at the root of all of our problems because:
- it reduces human relations to cold competitive battle
- it relegates individuals to being mere consumers
- it assumes that democracy is basically an exercise in the buying and selling of goods and services
Neoliberals suggest that the market is a ____ and ____ force that will solve all our problems if only we…
- natural
- objective
- leave it up to its own devices
The neoliberals assumption fails to acknowledge that the market is…. and what the market wants tends to mean…
- fraught with power relations
- what corporations and their bosses want
The end result of neoliberal ideology is that…
we are led to believe in the myth of the self-made person
Myth of the self-made person:
- rich persuade themselves that they acquired their wealth through merit ignoring the advantages that may have helped to secure it
- poor begin to blame themselves for their failures, even when they can do little to change their circumstances
Roll back neoliberalism:
- the active destruction or discreditation of Keynesian-welfarist and social-collectivist institutions
- retreat from previous governmental control of resources and state regulations
- privatization
- deregulation
Roll-out neoliberalism:
- reregulation
- marketization
- the purposeful construction and consolidation of neoliberalized state forms, modes of governance, and regulatory relations
Neoliberalism: increase:
- GDP
- entrepreneurialism
