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Here, the “Neo” means new form of liberalism where the defenders of liberalism have much to argue.
It is an arguable fact, that the public have shown enthusiasm regarding neoliberalism and neoliberal reforms since decades. The reason for this is the enhancement or prosperity it has brought to the capitalist and the downgrading it has brought upon poor and working class men. The appraisal might have been coming from the rich business group whereas the contradiction can come from the working class people and social thinkers and activists. The thinking of people on neoliberalism or the enthusiasm people have on it should be tempered considering its negative impact on the society. Since neo liberalism is affected by many economic and political factors, a deep analysis by considering this will give an understanding as to whether the economical critique or political critique is right.
Economic enthusiasm which neoliberalism arises in the minds of men is agreeable as this leads to capitalism and privatization of trade. It is extremely favorable for business world in accumulating wealth and power. Neoliberalism has led to the opening of national borders in order to allow free trade which has been tempting to the commercial world that is engaging in liberal trade with minimum restriction from government. The power and authority which it gives to the capitalist is enormous and this needs to be tempered in order to give liberal values to working class and poor people. Neoliberalism excites people due to its liberalization of economic trade which brings in prosperity to the corporates and the business lobbyist of global world. However, the income inequality it showers on the poor has awakened the public to fight towards it.
In Political sense, the enthusiasm on neoliberalism needs to be tempered for the reason that it steals away privileges from the society. The neoliberalism