Disadvantages Of Neo Liberalism

801 Words4 Pages
Neo-liberalism, as we know, is an evolving theory from traditional liberalism. Since traditional liberalism ‘defeat’ to realism in the Great Debate, neo-liberalism emerged as the new form of liberalism that upholds basic perspective as well as traditional liberalism is, with differences in several sectors. Theoretically, there are four variants of neo-liberalism, namely commercial liberalism, republican liberalism, sociological liberalism, and liberal institutionalism, but in practice, people commonly generalized them as neo-liberalism.
Each theory’s approaches are different, but basically same since all of them rooted on traditional liberalism. Commercial liberalism promoted free trade and a market economy the way towards peace and prosperity;
…show more content…
And as the evolved theory of liberalism, theoretically neo-liberalism is essentially about making trade between nations easier than it used to be in the old times. Neo-liberalism focuses about freer movement of goods, resources and enterprises in a bid to always find cheaper resources, to maximize profits and efficiency. Aside from free trade, that is the product of traditional liberalism, multinational corporations and institutions are the products of neo-liberalism that developed in modern days.
However, many experts argue that neo-liberalism is mercantilism that only covered with more friendly approaches. In theory, neo-liberalism might appears as populism; a perspective that took side with people and uphold economic equality, but in practice, for example in developing countries, many people that live with average standard of living, should temporary leave their way of life to work as a peasant of capitalism system that created by neo-liberalism. This reality shows that this kind of liberalism are not voluntarily gained by them, but enforced to them
…show more content…
Cameron immediately resigned his position after the majority vote for Brexit, and replaced by Theresa May. Cameron resigned as his responsibility for his failure to persuade the majority vote for remained in EU.
However, Brexit decision is not a mere decision that drove by British people. There are three reasons for Britain people decided to chose Brexit. First, from the economic sector, is the incapability of EU to address the economic problem that had been developing since 2008. The alternative for this economic problem are said to be a total disaster. The gaps of unemployment rate in southern Europe and Germany are distant. This economic stagnation and unemployment problems, and the discrepancy with European Union are considered the indication for Britain to leave EU.
Second, is the rise of nationalism across the world, which was also affected UK, caused by EU beliefs that institutions such as NATO and IMF that created after World War II are no longer serve a purpose. This growing mistrust and fear of losing control created diversion, and made Brexit appears as the most reasonable solution for those who oppose EU 's
Open Document