SOSC 1340 Study Guide - Final Guide: Corporate Social Responsibility, Market Discipline, Neoliberalism
16 May 2020
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Document Summary
Neoliberalism is a set of policies or practices that incorporate the idea where there is no government involvement in a self-regulating market to solve economic problems and the key aspect are privatization and free trade. Neoliberalism is the early period of capitalism, which still exists today. Neo-liberals are the individual who thinks market is efficient and government is not. Friedman is a neoliberal who suggests privatization in his work, he thinks education, and health, etc. are private family service, which is better allocated through the market because of efficiency and freedom. This is the social issue related to the idea of neoliberalism, which can be seen as an example of dispossession. Steinbeck"s novel the grapes of wrath where the farmers are running in debts and later not being able to pay it off their lands are taken away from them.
