POL SCI 4 Chapter Notes - Chapter 12: Neoliberalism, Keynesian Economics, Social Democracy
12 Apr 2017
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Document Summary
Neoliberalism began dominance when its opposed predecessor - the keynesian demand management entered a massive crisis. Keynesianism crisis led to its collapse because the classes in whose interests it primarily operated, the manual workers of western industrial society, were in historical decline and losing their social power. But the forces that gain most from neoliberalism maintain their unchallenged importance. The financial sector is much more prominent compared to other sectors. We use prefixed like post and neo to name ourselves in terms of what we are leaving behind or hint at renewal and innovation. In u. s. liberalism refers to the political left - committed to civil liberties as well as believe in govenrment intervention in the economy. Economic part: stress liberties of property ownership and market. But the ideas of economic liberalism never disappeared - low levels of transactions regulation and low taxes remained attractive to very wealthy people, who were always available to find projects of economic liberalism.
