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Western University
Geography 2152F/G
Bharat Punjabi

NeoLiberalism 282012 124600 PM PostKatrina Disaster Displacement and Employment y Long term evacuation of much of the labour force due to damage of business y 15 million people were displaced by the hurricaneNeoLiberal Policies y Roots in American economics o Neoliberalism has it roots in schools of thought within economics o New interpretation of classical liberalism o Dominant in American politics and public policy since the 1980s o AntiKeynesian o Worldwide since the 1990s y In the US and Canada neoliberalism has come into alliance with neoconservatism o Ronald Regan and Margaret Thatcher o Milton Friedman and Friedrich Hayek were chief proponents and gave these policies an intellectual frameworko CanadaFraser Institute Brian Mulroney Rob Ford Mike Harris and Stephen Harper are all government proponents of these policies y Neoliberalism has serious setbacks after the 2008 downturns in the US housing market o Critiques of neoliberalism within mainstream economics like Nobel Laureates Joseph Stiglitz and Paul Krugman are mounted by David Harvey within geographyThese critiques argue for more regulation of capital and a greater need to launch policies aimed at redistribution of income and wealth y After 2008 cuts in public spending in Europe have deepened the recession o Increase in public debt is a symptom of economic disorder and absence of economic growth
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