DEVS 100 Lecture Notes - Lecture 3: Neoconservatism, Inflation Targeting, Devs
10 Dec 2017
School
Department
Course
Professor
Document Summary
If we allow good market forcers with proper regulations to work by using their creativity and energy to their potential and lifts people out of poverty. *people can"t cheat (laws) to allow the competition to thrive: market isn"t about creating equity instantly, its about creating equal opportunity. Neoliberalism: a set of strategies and policies for managing capitalism. They want to focus on individualism, simple and few rules, let the market/competition manage itself: but the state is still needed. (to enforce the rules and regulations) New public management" (privatization), run the state like you run a business: wanting the push to decentralized the government, more partnerships with the private sector (ex. Coke sponser: the state should steer the boat, not row the boat". They should be there to provide laws and regualtions but let the markets do all the heavy lifting. Neoliberalism as policy: inflation targeting: (simple rules, inflation over 10%, makes it very hard to manage an economy.
