What are the effects of neoliberal economic policies on social welfare? 🔊
Neoliberal economic policies affect social welfare by promoting free market principles, deregulation, and privatization. While proponents argue that such policies stimulate economic growth and efficiency, critics contend they exacerbate inequality and undermine public services. The focus on capital accumulation often leads to reductions in social safety nets, limiting access to healthcare, education, and housing for vulnerable populations. The balancing act between fostering economic innovation and ensuring social equity raises profound questions about the role of government in addressing the needs of its citizens in a neoliberal context.
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