Neo-liberals also support measures that enable trade and finance to have unrestricted movement across national borders. These policies attempt to 'roll back' the state and the role of government, and leave decisions about allocation, production and distribution in the economy to the global market thereby excluding or limiting government measures that restrict or redistribute the wealth of individuals" (faxed material3, par. 18).
These ideas were materialized through the policies of liberalization, privatization, and deregulation.
Liberalization, or trade liberalization to be more exact, is of course at the heart of free trade. This policy acts towards the removal of government restrictions on goods that are imported and exported. It also refers to the liberalization of financial capital. Privatization, on the other hand, refers to the selling of government-owned institutions or state assets, which unfortunately is equated to the contracting out of public services to the hands of the private individuals. Lastly, is the policy...
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