NEO-LIBERALISM A brief analysis of different theoretical approaches to Neo-Liberalism (original) (raw)
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Outline the arguments of neoliberal thinkers, e.g. Hayek, Friedman, in their critiques of state intervention in the economy and in relation to the welfare state? What arguments would you advance in response to these views?
Neo-liberalism - A Theory of the Free Economy and a Strong State
2011
In this paper I will critically discuss whether it is true or not that Neoliberalism is signified by a strong state in combination with a free economy. First of all I will give a short illustration of the evolution from the classical liberal approach of Adam Smith to modern Neoliberalism á la Hayek or Friedman and further continue with a distinction between the strong (liberal) state which has the sole power to coerce and the weak (democratic) state which is said to be guided by ‘imprudent’ majority rule rather than law and order. Subsequently, I will argue that the liberal state is mainly dominated by bourgeois interests in setting up ‘equal’ property rights and by undermining democratic processes. Thus, governments function more as an obedient enforcer of the ‘free’ market which finally becomes the playing field of pure efficiency, civil repression and competition instead of being a politically legitimized society/market-balancing institution.
Neoliberalism: Conflicting Definitions and Competing Interests by Suk Koo Rhee
Situations: Cultural Studies in the Asian Context, 2018
Since the early 1980s, with the ascent of Ronald Reagan to the US presidency and Paul Volcker to the Chair of the US Federal Reserve, neoliberalism has increasingly placed the world under its ideological sway. By means of their obeisance to such key international institutions as the IMF and the World Bank, more and more developing nations have found themselves being systematically integrated into the US imperial order. Neoliberalism is commonly associated with such features as "free trade, free capital movements, reduced government or equivalently free markets." 1 To quote Harvey's famous observation on the role of the state in a neoliberal era: "The state has to guarantee, for example, the quality and integrity of money. It must also set up those military, defense, police and legal structures and functions required to secure private property rights and to guarantee, by force if need be, the proper functioning of markets. Furthermore, if markets do not exist … then they must be created, by state action if necessary. But beyond these tasks the state should not venture." 2 It is worth noting that not everyone agrees with the neoliberal idea of "small government." Even the model of the state encapsulated in Harvey's observation strays quite far from the model of a minimalist state regime, and the neoliberalism of both Ronald Reagan and Margaret Thatcher offer testimony to this point of view. As Saad-Filho argues, "Neoliberalism is based on the systematic use of state power to impose a hegemonic project of recomposition of the rule of capital under the guise of 'non-intervention.'" 3
WHAT IS NEOLIBERALISM, WHAT PRECEDED IT, WHAT DOES IT PERFORM.docx
Neoliberal globalization is a widespread phenomenon that had place in particular from the ‘70s which involved the majority of countries in the world, particularly the Western ones, and which basically involved a strong shift of power to the markets and a different role for the State, which stepped from disciplining markets to enforce them. After presenting the previous paradigm of “embedded liberalism” which ruled over the world after World War II, I will explain what the neoliberal turn consisted of, how it rose to power, how neoliberalism is perceived in the economic academy and its consequences on life.
Utopian Liberalism: State and Market in Classical Liberalism and Neoliberalism
A Great Transformation?: Global Perspectives on Contemporary Capitalisms, 2017
There is an apparent paradox at the core of the study of neoliberalism. Although a growing research literature in recent decades have documented how neoliberal ideas about free markets and privatization has been increasingly dominant in universities, government agencies and international organizations, this neoliberal dominance have not in meant any meaningful sense meant rollback of state power. Among the more sophisticated works of the neoliberalism, we have seen an analysis stating that the goal of neoliberalism is not a simple realization of minimal state in which state power is rolled back in favour of market forces. Instead, researchers such as Michel Foucault, Philip Mirowski and Jamie Peck see neoliberalism as a project that is aiming towards a redefinition of the relationship between state and market. The goal is not only to deregulate, but also to use state power to actively reshape the economy. This nuanced understanding of the relationship between state and market in neoliberalism, however is often made by contrasting it with a distorted version of the classic liberalism of the nineteenth century 1 , which is being portrayed as a simple realization of the principle of laissez-faire 2 and the minimal state. This idea of a sharp contrast between neoliberalism and classical laissez-faire liberalism can be traced back to the early neoliberal such as Hayek, who in the period after the Great Depression formulated neoliberalism, as a stated contrast to what they perceived as the dogmatism and simplicity 1 Liberalism purposes for the purposes of this article, us delimited as the self-identifying political liberal movement in line with Fawcett, (2015). "Liberals" from the period before the term was first used in Spain from the 18010s are therefore only touched upon sporadically 2 The term laissez-faire originated from the physiocratic school in 1700s France (Viner, 1960), but in this article will be used to denote the period of the doctrines dominance within liberal economic thinking in the first part of the nineteenth century.
PSC 349, Varieties of Capitalism Professor Mark Dallas Farangis Abdurazokzoda Final Paper I, Farangis Abdurazokzoda, affirm that I have carried out all my academic endeavors with full academic honesty. Abstract: In his 1925 paper Physical Consequences of the Anatomic Distinction Between the Sexes, Sigmund Freud asked a simple question "What does a woman want?" With the crises of capitalism and the impotence of communism as a system, the socioeconomic, political and ideological question today is what do we all want? Would we like to live in the realm of Anglo-Saxon neoliberalism or Chinese-Singaporean capitalism with Asian values? And is there another "[economic] model on the rack in this historical season"? This essay aims to highlight the necessity to analyze and diagnose the present, formulating alternatives by reflecting on political rationality taking shape in the U.S. over the past thirty years. To do so, I will discuss the varieties of capitalism: classical liberal capitalism, neoliberalism, capitalism with