SOSC 1430 Lecture Notes - Neoliberalism, Economic Liberalism, Social Philosophy

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Lecture jan 18 2011 its not coincidence that neoliberalism rises as the new economic thinking; happened because it goes hand in hand with globalization. Economist milton friedman ideas first implemented in chile, mid 1970"s; this is where dependency theory first began chile 1970: Policies: 500 enterprises nationalized (transferring private economic assets to state ownership); regulation of mnc & foreign investors land reform program (transferring ownership of land from large land owners to small/landless owners [favour rural poor, make edu/med universally available]) 1975: chicago boys take charge of economy. Opened natural resources to unregulated private exploitation. Guaranteed right of mnc"s to repatriate profits. Deregulated foreign investment and freer trade (allowed flow of foreign goods in chile) cut back on social services from previous government (health, edu, etc. ) European political & social philosophy (19th century europe) Individual freedom (develop lives with minimal government regulations, autnomy of individual visa vi state)

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