LABRST 2A03 Lecture Notes - Lecture 3: Keynesian Economics, Neoliberalism, Industrial Democracy
10 Nov 2018
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Sees the market as what keeps society free and any restrictions on the market is threatening that eventually there"ll be an authoritative state. And people will be regulated in all kinds of ways. Keynesianism seems to stop working for a while, particular economic problem was when inflation of prices hits. People easily blame unions for inflation because unions sometimes force employers to raise employee"s wages. Very few people actually call themselves neoliberal in politics or media. It becomes confusing of who is a neoliberal. Government is the problem, not the solution . Looks to an institution or government for support. The nanny state, rather than people looking for their own ways to make money, they look at the government for support. Rugged because people don"t look at themselves as finding their own answers to their problems, ex. When looking at freedom, neoliberalism say, the most important freedom is in the market, ex. Once there"s market freedom, other freedoms follow after.
