Who wants to be a neoliberal?

T or F: Neoliberalists believe in sharing resources and in supporting those in need (the welfare state).

• True

• False

T or F: Neoliberalists believe in achieving economic prosperity through competition.

• True

• False

What ARE the characteristics of neoliberalism?

• Privatise: minimise the size of government.

• single party state

• Free trade! Deregulate!

• Individual freedom!

Put the characteristics in the right place!

Groups:

(a) Communist Politics

,

(b) Neoliberal Politics

,

(c) Eco: Communist

,

(d) Eco: Neoliberal

• Privatisation and deregulation

• Centralised, Command economy

• Communally owned property

• Democratic: individual freedoms

• classless society

• Free trade and competition

• Single party state

• Private profit and property

The theory of ​ (a)   was developed by Karl Marx. His goal was to achieve a ​ (b)   society, where everyone benefited from labor. He wanted to close the gap between the rich and the ​ (c)   through sharing resources. He saw socialism as an interim stage, where the government would own assets, and control the distribution of ​ (d)   . Oppression would end, and gradually people would learn how to share. The ​ (e)   would slowly fade away.

• Communism
• classless
• poor
• wealth
• government

What is a WEAKNESS of neoliberalism?

• Some people are successful and become wealthy (E.g. Trump, Bill Gates).

• It has become the dominant theory internationally

• The gap between the rich and poor increases.

What is a WEAKNESS of communism?

• People are equal

• The government can be repressive

• A stable economy