LABRST 2A03 Lecture Notes - Lecture 7: Thatcherism, Elitism, Class War

• School: McMaster University
• Department: Labour Studies
• Course: LABRST 2A03
• Professor: David Goutor

Document Summary

Neoliberalists believed we needed to go to a free market system. Smartest people are the ones that perform well in the market. The people who do well, have failed. Markets: the(cid:455) do(cid:374)"t just allo(cid:272)ate resour(cid:272)es the(cid:455) are (cid:272)lear a(cid:374)d thorough judges of us. What as a society should we respect, when people talk what gives them authority, when we want to decide the most wise individual are this is determined by the market. Markets therefore are the main social institution that you should trust. Markets can take care of these larger social structures. In order to succeed you need to compete. Also (cid:373)ea(cid:374)s so(cid:373)ethi(cid:374)g profou(cid:374)d (cid:374)eoli(cid:271)eralis(cid:373) i(cid:374) so(cid:373)e (cid:449)a(cid:455) is a(cid:374) a(cid:373)(cid:271)itious ideolog(cid:455) . O(cid:374) a (cid:373)a(cid:272)ro le(cid:448)el the(cid:455) (cid:449)ill (cid:271)e (cid:271)etter off (cid:271)e(cid:272)ause the wealth will trickle down (cid:862)tri(cid:272)kle do(cid:449)(cid:374) e(cid:272)o(cid:374)o(cid:373)i(cid:272)s(cid:863) Let them get as rich as they want to be because eventually it will trickle down and effect everyone, and they are generating wealth.