Neoliberalism (Ch. 12) Flashcards
1
Q
welfare state
A
concept of gov. where the state plays a key role in the protection and promotion of the economic and social well-being of its citizens
2
Q
3 types of welfare state activities
A
- provision of minimum income
- provision for reduction of economic equality resulting from contingencies (ie. sickness, old age, unemployment)
- provision to all members of society of a range of social services
3
Q
social welfare is classed under which of the 4 functions of the state?
A
coercion/social control
4
Q
social democratic
A
- based on principles of equality and opportunity, equitable distribution of wealth, and public responsibility
- contribution of welfare state policies and programs to the reduction of inequality
- capitalism requires state intervention
- ex. NDP
5
Q
liberalism
A
- ideology of capitalism
- believes in freedom, competition, and individualism
- you are responsible for yourself and your own success and failure
- promotes accumulation and legitimation
6
Q
classical liberalism
A
securing individual freedom by limiting gov’s power
7
Q
timeline of neoliberalism
A
- early industrial society (market crash, great depression, mass unemployment, rise of communism)
- welfare state (50’s-70’s, golden age of capitalism, emerging middle class, management of inequality)
- neoliberalism (crisis of capital, flight of capital, deepening of inequality, rise of power elites)
8
Q
Keynesian Welfare State
A
- 40’s-80’s
- goals of owning/capitalist class (profit and maintaining system)
- increased taxation and spending to offset impacts of market cycle and sustain consumerism
- “The Accord”
- high wages and benefits (pensions, income assistance)
- healthy, well-educated citizens
9
Q
the Commons
A
- elements of society in public domain (ex. buses, utilities, air, water)
- after 70’s, commons privatized and commodified
10
Q
the demise of the welfare state
A
- 1970’s
- crisis of capital (collapsing oil markets, need more raw resources and cheap labour)
- downsizing, increase of finance capital
- rise of debt
- increasing unemployment and global competition
11
Q
crisis of capitalism
A
- 1980’s
- dismantle state -> unrestricted capitalism
- neo-liberal gov’s elected (pro-market, tax cuts, anti-immigration, tough on crime)
12
Q
neoliberalism
A
- political side of capitalist society
- state advances corporate agenda
- free market, little state intervention
- privatize the commons
- decline in gov’s benefits
- cut $ for public services
- increase regressive taxation (ie. sales tax)
- decline in democracy (repressive state apparatus)
13
Q
tactics of neo-liberal state
A
- enhanced state control of the poor (control w/o fixing conditions of poverty, increased charities -> puts onus on consumers to help)
- structural adjustment policies/austerity measures (free trade, lean production, privatization, attack on labour, cuts to social programs)
14
Q
outcomes of neo-liberalism
A
increased social inequality
