SOC 1101 Lecture Notes - Lecture 12: Neoliberalism
1 Nov 2013
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Document Summary
Free market forces- this is achieved by minimizing the impact of government regulations on business. Idea that (global) free trade will enable all countries to prosper: the idea that global free trade will allow all counties to prosper. Deregulation: withdrawing/reducing legislation that so called interferes with the free market. Decline in the social wage": covers all social service benefits (healthcare, unemployment insurance) Shift from government support to charities: instead of a state/federal government making important decisions, two people and their board get to decide how we proceed, a lot of power in the hands of very few people. Tax reforms: increasingly those who are corporate owners, ceo"s, get to retain increasing percentages of their income as a result to favorable tax reforms. Decrease in the size and scope of the state. Transformation of the relationship between the federal and provincial governments.
