Unit 12 - Dark Side of iRevolution

Question 1

neoliberalism

Answer 1

• an approach to social policy that minimizes government and enlists state help to encourage free markets and competition
• a political approach that favors free-market capitalism, deregulation, and reduction in government spending
• used to refer to market-oriented reform policies such as “eliminating price controls, deregulating capital markets, lowering trade barriers” and reducing, especially through privatization and austerity, state influence in the economy

Question 2

ethical consumption

Answer 2

• the conscious and deliberate decision to make certain consumption choices due to personal moral beliefs and values
• ex: buying secondhand, researching companies before purchasing, just general awareness
• everything has to come from somewhere, and if it’s cheap, it’s probably not ethical
• almost impossible to truly have 100% ethical consumption