neoliberalismvssocialism

neoliberalismvssocialism - Som: Govt pays for basic social...

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Neo-liberalism: free trade – unequal exchange – no gov’t interference… form of capitalism – competition – people are rational, self-interested actors – private property – privatization – competition leads to better quality and services – wealthy get wealthier, poor get poorer – meritocracy invalid – colonialism: no borders Corporations collapse – bailout creates jobs, domino effect – make bad loans
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Unformatted text preview: Som: Govt pays for basic social services High taxes Government control of major industries Redistributionist (no choice [actually less choice]) Less/no pvt property Inequal redistribution, those in power still get benefits Economics: price vs quantity...
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