POLS 1000 Lecture Notes - Lecture 7: Keynesian Economics, Neoliberalism, Parliamentary System
Document Summary
Rise of the new right/ rise of neoliberalism. With the rise of neo-lib all three pillars were challenged: profitability fell, in order to restore profitability and growth in capitalism it was argued that. Keynesianism social entitlements through welfare state programs and unions needed to be removed or reduced. Watch words of the new consensus are. Flexibility - notion being that welfare state programs such as ei introduced rigidities. Family allowances were seen by the people developing them at the time as part of a broader program of social reform in which minimum standards of income employment and levels of equality would be established. Canada pension plan, medicare, canada assistance plan - came out of reform liberalism. Discussed governing ideologies: kws and neo-lib -- the consequences for the institutions of the state. The constitution -- rules and principles by which a state is governed.
