Wednesday, August 6, 2014

Neoliberism and It's Connection to Popular Culture

According to David Harvey, "Neoliberalism is in the first instance a theory of political economic
practices that proposes that human well-being can best be advanced by liberating individual entrepreneurial freedoms and skills within an institutional framework characterized by strong private property rights, free markets, and free trade…"

"The assumption that individual freedoms are
guaranteed by freedom of the market and of trade is a cardinal
feature of neoliberal thinking, and it has long dominated the US
stance towards the rest of the world.7"





"If neoliberalization has been a vehicle for the restoration
of class power, then we should be able to identify the class forces
behind it and those that have benefited from it. But this is difficult
to do when ‘class’ is not a stable social configuration."






"According to theory, the neoliberal state should favour strong individual
private property rights, the rule of law, and the institutions
of freely functioning markets and free trade.1"

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