LABRST 1C03 Lecture Notes - Lecture 10: Wealth Concentration, Neoliberalism, Corporate Welfare
Decline of access to basic services needed for survival (i. e. health care) Decline of real wages, standards of living and rising debt loads. Rise of informal, temporary and precarious work. Reducing or eliminating the role of gov"n in the economy. Entails free trade agreements and international investment. Reducing wages by eliminating the things that gov"n interferes. Eliminating price controls and gov"n has no say in how high rents go. This will allow economic growth and will ultimately bene t everyone. Higher more people = therefore more jobs. Market allows more concentration on wealth: cutting public expenditure for social services: Interconnected with concentration of wealth and inequality. Neoliberalism policies are not implemented in all countries (ex: canada) Also means . reducing the safely net for the poor. Done in the name of reducing the gov"n role. Necessity b/c to create jobs, freedom of choice is good, making more cheaper, #1 is debt reduction.