How would a critique of neoliberalism (favorable or hostile) define it?(1 point)
Responses
an effort to expand political democracy to areas that had dictatorships
an effort to expand political democracy to areas that had dictatorships
a government plan for economic development in relatively poor countries
a government plan for economic development in relatively poor countries
an effort to reduce barriers to international trade and investment
an effort to reduce barriers to international trade and investment
an effort to increase tolerance for religious, ethnic, and social diversity
an effort to increase tolerance for religious, ethnic, and social diversity
- A favorable critique of neoliberalism may define it as an economic theory and policy that promotes free market capitalism, limited government intervention in the economy, deregulation, privatization, and free trade. It may argue that neoliberalism leads to economic growth, innovation, efficiency, and increased individual freedom.
- A hostile critique of neoliberalism may define it as a destructive ideology that prioritizes profits over people, exacerbates inequality, exploits workers and the environment, undermines social safety nets, and leads to financial crises. It may argue that neoliberal policies benefit the wealthy and powerful at the expense of the marginalized and vulnerable.