The term “neoliberalism” describes the package of economic policies, political priorities and ideological justifications including tax cuts, budget cuts, privatization, de/reregulation, and an emphasis on free markets (Teeple, 1990) . Many mainstream economists argue these policies promote efficiency, create wealth, and “lift all boats” by providing a business-friendly environment, which then sees wealth trickling down to the rest of the economy (Friedman, 1962). But over four decades of neoliberalism have instead led to severe concentrations of wealth and the growth of inequality and social ills like homelessness, addiction, and job instability and the decrease in quality of life and life expectancy (references). Its impacts are observable in the gentrification rippling out from wealthy hubs sending rents sky-rocketing and leading many to move further from work, or live without housing. Construction cranes pop up to build mixed-use condos for tax-dodging developers, as homeless camps pop up in public parks. The camps get cleared for profit by companies who dumpster what the scattered houseless can’t carry, while the publicly-funded police keep order. Policing, mass incarceration, and surveillance are used to hold together the unstable and unequal social system especially targeting communities of color. Meanwhile, divided communities are encouraged to blame each other and to believe that the power of positive thinking is all they need to succeed, and if they don’t, they only have themselves to blame.
This is a great introduction
Wow!. I feel your passion for this project. Looks like excellent research and the presentation makes it all accessible.
Congratulations. Joab well done.