R SOC355 Lecture Notes - Lecture 3: Classical Liberalism, Free Market, Neoliberalism

• School: University of Alberta
• Department: Rural Sociology
• Course: R SOC355
• Professor: John Parkins

Document Summary

= merger of political liberalism and free-market capitalism: political liberalism. Less investment in public sector, allowing takeover of private sector. Extreme example is us libertarianism dead-set against any government influence in their lives, advocate for freedom of the individual. The underlying part of global capitalism and economic globalization. Society should be shaped by the free market. What works in the private sector should work in the public sector. Investment from private to public, because private has the capital: potential issues: Profit motive becomes one of the key drivers, which could threaten quality of education, etc. Access (not everyone can afford education) influence by private sector shifting values. Inequality: reduced government funding in education increase privatization of education, which leads to a small amount of highly educated individuals versus a majority of lesser educated populace. A rural community struggling to survive (population 1000).