Neo-Liberalism: The Ideology behind Contemporary Globalization
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(Note: I do not entirely endorse the perspectives given in this documentary. I only uploaded it because it serves as a good starting point for a discussion on neoliberalism. While it is true that neoliberal reforms have had negative side effects, a desire for a return of manufacturing jobs, economic protectionism and a belief in Keynesian macroeconomic stabilization policies as a sustainable and lasting alternative is even more foolhardy and indicative of a reactionary mindset seeking to "turn back the clock of history".) What is Neoliberalism? Broadly speaking, neoliberalism is today's pervading socio-economic ideology that stresses the expansion of commercial activity into public and non-commercial aspects of society. Neoliberalism refers to a range of economic policies that stresses the free flow of goods, services and capital across national borders; deregulation and liberalization of the economy; privatization of industry; financialization by increasing the role of domestic and foreign private investment; and corporatization of the public sector (re-organizing the state sector to resemble a corporate governance structure). The theory of neoliberalism is grounded in the classical liberal belief that free markets are naturally in equilibrium, that the expansion of free trade and the facilitation of capital accumulation leads to pareto efficient outcomes (maximizes the common good of all parties involved) and argues that unregulated private business is the most efficient form of economic enterprise. This mindset views national borders and states with suspicion, perceiving them to be "interventions" that distort the international market by inhibiting or limiting the free flow of capital, labor, goods and services in the international market, thereby leading to inefficient outcomes. Neoliberalism is contrasted with earlier forms of capitalism, such as "embedded" liberalism, state-interventionism and the European social market models that mixed moderate levels of state-directed investment and government regulation with free-markets in the economy. The free-trade and export-led growth models of development championed by neoliberals are in inconsistent with the development strategies used by many developed countries and the East Asian tiger economies, which relied more heavily on import-substitution by developing competitive advantages before opening to foreign competition. The practical results of neoliberal policy have led to increasing inequality, disproportionate power to transnational corporations, whose interests dominate government and international organizations such as the WTO. Neoliberal policies are imposed upon developing states as prerequisites for development loans and aid, the result of which privatizes their natural resources, reduces government spending on social services and forces developing countries to adhere to the demands of foreign corporations. Foreign ownership of national resources and industries has been likened to a new form of economic imperialism / neo-colonialism as a result - a means for multinational corporations to plunder the resources of developing countries. Critics argue that neoliberal policies are an attempt to create new opportunities for capital accumulation to strengthen the interests of capital relative to labor, pointing out that despite increased freedom of capital flows, there is no free flow of labor across borders granting capital asymmetric bargaining power over labor and governments. In the developed world, government expenditure has not decreased as a whole - it has merely shifted from social spending to corporate subsidies. Other critics contend that neoliberalism does not represent genuine "free-trade" because it is managed by and designed to benefit large corporate interests. The contradiction between the idealistic notion of genuine free markets and free trade and the interests and power of capital (capitalism) is demonstrated by the practical implementation of neo-liberal policies.
Comments
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Neo-fascist is what these cunts are. They are the scum of the earth.
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Neoliberalism and the petrodollar reserve currency go hand in hand. As long as The U.S. Department of Offense can defend the banker's bloated dollar, neoliberalism will grow, and democracy will shrink.
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one in five children in Britain grow up in poverty, in America almost one in four grow up in poverty. British colonialism in America re-began with Hamiltonian ideology.
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USA and EU are already basically totalitarian states with a democratic "front". People "think" they have a choice and that it's their fault the "bad" presidents get elected and blame eachother. The fact is than no matter who gets elected they are effectively either bought off (election campaign money clauses, donations or promise of a well paid job after their career as a politician) blackmailed or if none of that works they get killed (kennedy).
They spam us with propaganda that everything state owned is bad, taxes are bad, universal healthcare is communism and so on. All of this is shifting power away from the people that we elect. And theese overnational organizations, the world bank, IMF, WTO and others are fundamentally undemocratic. Their leaders are put there by a select group of excecutives and investors that "have a lot" and they do their masters bidding. -
The bahamas is next
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Can someone please tell me what is so bad about corporations, the WTO, the IMF, and globalization? And can someone also tell me how we have the right to threaten these corporations with violence for merely conducting voluntary business with voluntary individuals?
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USA empire and the gang or mighty wage war for privatization of the world. 2014 They wage war for privatization of UKRAINA EUROPEAN UNION is project of mighty, they use EU to exploit southeast European states. EU is not project of integration EU is project of exploitation - Institute for economics Zagreb Croatia
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Could the peolke who 'get' this please gonaroubd the net explaining to libertarians the neoliberalism is THEIR ideology, because right next to zero libertartarians know this...
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It is all about the increasing the power of giant corporations at the cost of society and democracy. This obvious that societies are powerless whether they are under dictatorial regimes or democratic. The reason is the fact that even democratic governments are dwarfed when confronting these companies. legislations are also tailored for their only best interests.
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If you believe that you know 0 about economics or monetary funding. If ANYTHING this would strengthen the U.S. currency, Create WELL PAYING jobs, and no I would have a free market that's actually competitive and corporations would have to compete. Illegal immigrants are breaking the law and need to face the result. You have Obviously listened to the media and ate up all the "studies" they've shown you please don't reply on something you know nothing about.
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You would crash the US economy if you did this BTW. 'illegal immigrants' are the backbone of US economy. Enjoy having no food or services if this dumb idea gets implemented.
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well any illegal immigrant is to be reported as of immediately or face felony charges and up to 5 years in prison. Individuals with certain Visa's can work for given periods of time that the visa states. If you knowingly hire a illegal immigrant you will be forced to pay a fine not exceeding 20,000 USD. Upon that your entire workforce will be investigated.
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And then after all of that is implemented what penalities will the US businesses both small and large who are knowingly hiring non-citizens to work? What penalities should the business owners face? This is the part of the equation that is never usually discussed.
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Umm no work is called work where you get money to buy things. You have no basic understanding of economics or logic. And no not everything just most things. Teach a man to fish and he will feed himself forever give a man a fish he will eat well for a day. Socialism is a failed idea and will never work in my plan their are more jobs, less taxes, better economy and each individual has his or her own money to do what they want with it. Please use better language your making a ass of yourself.
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Your going in circles with your argument, with 0 valid points I have time and time again denounced corporatism which is bad that's not a free market. Every time you ask me a question I answer it with a logical response and a plan. Yet you have no plan just pure emotion and radical ideas that lead to failure. Please enlighten me with more comments that lead nowhere.
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English not mandatory? why we were here frist respect us & our culture or leave that is disrespect if someone doesn't speak the language. & no where are we breaking the consitutional law were simply enforceing the ones we have. Have youever left the US? if not go your dream world exists no where. & your purely about emotion not logical thinking.
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really because the LPdoes & Ron Paul does & so do i have a plan. I would cut the TSA,NSA,Department of commerce,department of urban development,ATF,department of interior,cut & freeze all foreign aid,with draw from the UN & NATO dismantle the FED reback money,End the NAFTA,NTO agreements. Stop production of all medel coins & switch to bio plastic.Cut military spending in half withdraw all foreign military bases. stop the funding of certain non medical research programs.
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Give illegal immigrants 3 choices pay a 15,000 USD ( Per Person ) penalty for illegally being here. 3 join the American Foreign Army which they will serve 5 years and speak, Read, Write ONLY English. ONLY they will receive a citizenship no questions asked. or #3 get deported. Budget cuts also need to be on all federal government employees to garnish wages to pay off the debt.
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ohh yes it is a weak small government can cater to the people better because it is more in tune with the populous. Where as you have a big monster with 1,000's of employees they will be out of touch with there boss ( aka Citizen ). Now we need to cut 1. military spending 2. Bailouts 3. Fed Reserve 4.Add time limits to welfare 5. Deport all illegal Immigrants or my plan
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