HLTC05 Tuesday Oct 9 2012.docx
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`1` HLTC05-Tuesday Oct 9, 2012
Neoliberal ideology: western base corporations that have become global enterprises.
Factors behind structural violence ideology, and corporations that have created this ideology have
perpetuated it and expands ideology. Ideology of the dominant classes. Ultimately maintains the
dominant class by ensuring inequality.
Neoliberal Economic Policies: America and UK, a set of policies to pull them out of
1. 2. 3. Eliminating orders and barriers that limit foreign investors
Characteristics: market liberalization: less government/state interference
2. Cutting public expenditure.
3. Deregulation: reduce government regulation, compromises safety, enviro protection etc
4. Privatization: more competition “better” for consumers. Therefore more efficient and no strikes
etc when private, but wealth in hands of few
5. Individual responsibility not community responsibility
Free trade: increased job loss, but then also we have to look at where they go, for example factory
in mexico, lower educated women, think of all the negative consequences.
Claims nationality in nations that have leaner regulations but brand in big nations. Play significant
role in growing disparity.
TNC expansion: Recent and pervasive ideology’s that perpetuated poverty increase and disparity
Economic adjustment programs established by world bank etc was intended to help countires
overcome the debt to the western banks (structural adjustment programs) but also were created so
that when countires needed to borrow money they had a system to loan and then pay back but
conditions to payback were. Had to follow the following regulations:
1 economic liberalization: you don’t have to pay as much back if you allow us to invest in countries
corporations, the wealth gained from that will be used to pay off loan or allow u not to borrow as
much. Brought technology, marketing, jobs into developing countries, sounds beneficial to develop
THEIR economy. Reality, found currency devaluation to make things cheaper for foreign investors.
The debt and obligations to the debt also meant that developing countries had to cut $ in other
areas, ie) basic social services, education, also cuts in subsidies for necessities etc .
Found after 1990s were in greater debt, poverty, rise in unemployment, wealth disparity, loss of
wage and benefit protectors, shift in informal sector employment, further marginalization and
greater wealth in few hands, this is a relationship
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