SOC379H5 Lecture Notes - Lecture 2: Profit Margin, Full Employment, Neoliberalism
Document Summary
Keynesian economic policy: full participation, more spending, and more productivity. Central banks changed federal monetary policy to ease the process of getting loans. Capitalism is based on contradiction: labour is both in against capital, labour needs capital, capital needs labour (need people to work for them). Neoliberalism: economic ideology or political philosophy or a policy framework of guidelines. Neoliberalism: a political and economic framework emphasizing private property rights, individual liberty, free markets and free trade where government. Downside of welfare approach government running deficit, increased inflation, Break free from debt neoliberalism for government to curb spending. intervention into social (cid:523)slides(cid:524)
