Cmv: neoliberalism is a terrible economic ideology for human economics to be based on.:
I've been looking into this economic doctrine for a while, and I just don't see how in 2014 you can still defend these principles as being either ethical or particularly effective. I understand that is was a reaction to the perception that social liberalism failed after the 60s ended. However, I feel as though there is overwhelming evidence that neoliberalist ideals create multinational monopolies that exploit the resources of developing nations, creates serious economic inequality, erodes social good, and continues to perpetuate an unstable boom-bust cycle in which only the wealthy have influence. I'm genuinely curious if there are any real benefits to this kind policy? or does it simply concentrate wealth?