Neoliberalism’ Advantages and Disadvantages
Neoliberalism promotes economic growth by advocating for privatization, open markets, and reduced trade barriers. This system fosters competition, innovation, and international trade, leading to economic expansion. However, critics argue that neoliberalism exacerbates wealth inequality, benefiting large corporations while marginalizing smaller businesses and lower-income individuals. The concentration of wealth weakens democratic institutions and promotes monopolies, limiting opportunities for economic mobility. While neoliberalism can drive economic success, its impact on social equity remains a contentious issue.
References
Desilver, D. (2013). U.S. income inequality, on rise for decades, is now highest since 1928. Web.
Reardon, H. (2016). The economic benefits of liberalism. Web.
Williams, L. (n.d.). Neoliberalism: Pros and cons. Web.
Reference
StudyCorgi. (2025, February 13). Neoliberalism’ Advantages and Disadvantages. https://studycorgi.video/neoliberalism-advantages-and-disadvantages/