soc 101- notes 7- Fall 2013

theproblemisthatthebailoutpackagecomeswitha

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Unformatted text preview: of liberalism but extends it into the global realm and accentuates the focus on free markets. Anglo­American (i.e. American and British) neoliberal ideology has been dominant for several decades. However, continental Europe (with its social democratic political­economic structure) has been relatively insulated from the neoliberal turn. More recently, however, with global economic recession, these more sot economies have faltered and increased their debt load. Foreign banks have essentially “bailed out” these coun...
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