Neoliberalism And Its Effects On The Working People

One interesting feature of Neoliberalism is the Prisoner’s Dilemma. In this two-players game “it is assumed that the only concern of each individual player is to maximize their own advantage, with no concern for the well-being of the other player” (Dunne et all. p.356). States are self-interested actors. Each player make a choice without knowing what the other will do. That is why each player is acting to avoid the worst outcome that could result from the other player’s action. There is no best strategy in the Prisoner’s Dilemma because the strategy that works best depends on what strategy the other player is using. There is uncertainty, states can never be sure about the intentions of other states. This dilemma fashion illustrates

Many times people will assume that third world countries aren’t prosperous because of lazy leadership, lack of education, and overpopulation, but this is not true. For the most part, it is not the country's fault that they are not prospering but usually the effects of neoliberalism and globalization. Neoliberalism and globalization have impoverished previously colonized countries all over the world and the effects are devastating and cruel. In the film Life and Debt, it displays how Jamaica’s economic and political policies have negatively impacted their way of life. The director, Stephanie Black, clearly believes that Globalization has almost completely destroyed Jamaica’s economy. Jamaica is no longer able to sustain itself economically, food, and other basic human needs due to the effects of globalization.

The respective context of life experiences reflects that even when there is a specificity with respect to each geographical area, the consequences of neoliberal policies

The maquiladora workers provide a story about globalization that is often obscured by barriers like oceans, borders, or even physical walls. This side of the story is often not highlighted by the supporters of neoliberal globalization in the way that the pledged benefits are. The people who know this side are usually the ones living and dealing with the some of the so called “dangers” that globalization has made a reality. Cynthia Enloe and Alison Jaggar both offer counter narratives about globalization that focus on the negative aspects that come out of globalization as it currently stands. But unlike the two authors’ accounts, “Maquilapolis” takes the telling of a counter narrative a step further by having the story come straight from those who are living it. The counter narrative that is told in the film was created by the filmmakers and the women featured in “Maquilapolis”. The film gives the workers a platform that is often not offered to them. The lives of the women featured in the film, which are heavily influenced by globalization, are far from the ideal that globalization promises. Although the workers either benefit or once benefitted from the higher wages they made working in the factories, the damages more often outweighed the benefits. Magdalena Cerda from the Environmental Health Coalition expands on this point by asserting that along with the capital from the company “comes the impact on the environment and on people's health” (“Maquilapolis”, 30:00-30:07). In the next section, we look directly at the negative environmental and health effects that have come with globalization and free trade as expressed in the film

With that being said, there are many supporters of a large income inequality gap for the numerous economic benefits that it bestows on nations worldwide. As George F. Will notes in the Washington Post, many economists of the United States believe in the positive outcomes that come from a larger income inequality gap. Chinese laborers work to increase the wages of Americans by producing everyday products such as apparel and appliance cheaply. This gets the job done while paying the average Chinese laborer the equivalent of Starbucks latte, and increasing Americans’ disposable income. Similarly, when Americans choose to spend their money at stores that use cheap production such as Walmart, they not only get a raise, but help shape people like Sam Walton into billionaires. Monopolies in American society hold another negative connotation that have historically had numerous positive benefits to the American society. Although people naturally tend to think of monopolies as negative occurrence, throughout history, they have provided a means of “social blessings” when they enable ambitious individuals to engage in the wealth associated din previously unknown markets. In many cases, income inequality in a capitalist system is “truly beautiful” because people are incentivized to gamble on new ideas, while also turning luxuries into common goods. For example, when Apple created their

Trusts and monopolies are concentration of economic power in the hands of a few. Economists believe that such control injures both individuals and the public because it leads to anticompetitive practices in an effort to obtain or maintain total control. Anticompetitive practices then lead to price controls and diminished individual initiative. These results in turn cause markets to stagnate and depress economic growth.

Welfare recipients and “dangerous criminals” (the label casted) serve the function of displaced anger from social insecurity while the state proceeds with its economic deregulation. We see this still in debate the problems in society are the people mulching off welfare and social security, people don’t understand our insecurity is stemming from neoliberalism itself.

Throughout mankind existence, civilization has brought many changes that have affected lives. For some, these changes have brought better condition of living, for others disparities. With the emergence of industrialization businesses have focused on controlling world market and prices by creating a monopoly in order to have absolute control, making it almost impossible for competition to survive. As consumers begin to suffer government were forced to create policies in order to address this alarming behavior. By the 1890’s U.S gorvernment has introduced legislation of the Interstate Commerce Act. The Sherman Act of 1890’s regulation of antitrust competition policies was created as competing mechanisms to control monopolistic behaviors. Since

The United States has a long history of ensuring fair and balanced business practices through legislation. The Interstate Commerce Act of 1887, began a shift in the economy from state commerce regulation to a

The wealthy gets the attention of the government while the poor have no voice. The poor experience inequalities especially in the area of education therefore they have a difficult time competing.

Lila Rajiva used another perfect example in her article to show how globalization affects both the environment and culture of the native people. Hyundai built a factory in a small town in India. Since the factory opened, water has scarce for miles around the factory. Thanks to the scarcity of water, the local population doesn’t have water to cook, drink or bathe (Rajiva 2). Not only it is an inconvenience for the locals, it is a “death sentence” for them (Rajiva 2). From a brutal scorching dry summer, there was a death toll in the thousands (Rajiva 2). This occurred because they didn’t have enough water to survive. In this example Globalization disrupted the way of life of these people. Farmers didn’t have water to irrigate their crops. Also, thousands of people lost their lives because of globalization. These people would have been alive, if not for the greed of these corporations. In the state of Kamataka, globalization also ruined the lives of the native population. In this state, small farmers “committed ritual suicide to express their outrage at the destruction of their lives by multinational” (Rajiva 2). These farmers’ lives were completely ruined thanks to globalization. These corporations’ practices and operations pushed them out of business. The farmers had no chance to compete because of the deals and benefits these corporations receive. Corporations

Unfortunately some people do not have the ability to earn a living in a market economy. Others benefit from inherited wealth, hard dedicating work, or owning their business. Governments in market economies inevitably engage in programs that redistribute income, and they often do so with the overt intention of making tax policies. On the other hand, advocates of extensive redistribution disagree and allege that role of government limits the concentration of wealth and maintains a wider diffusion of economic power among households, presently as antitrust laws are designed to maintain competition and a wider diffusion of power and resources among producers. Those who oppose major redistribution programs counter that additional taxes on high-income families decrease the incentives

One of the largest areas of concern around the globe is the poverty levels. Over the last 40 years governments have been influenced by neoliberal ideologies and poverty has increased on a

Both the Keynesian and Neoliberal era came into existence as an aftermath of both an economic crisis and a war. Keynesianism came after the Second World War when the then neoclassical economy was in crisis. This crisis brought forth Keynesianism with the underlying disbelief in the self-regulating nature of capitalism. The Keynesian ideology believed in increased state intervention to produce economic stability. This policy rested on four policy prescription; full employment; a social safety net; increased labor rights; and investment policies were to be left to private enterprises. Keynesianism’s subsequent inability to deal with the unexpected inflation caused by two international oil crises and during the period of the

Globalization can be seen as a major threat for manufacturing jobs in the developed world, however, can also be a benefit for developing world citizens who receive thousands of jobs a year although they don’t receive a high salary. Maurice Allais, a French economist states that this unemployment, of course, has only been able to develop because of the existence of low salaries and insufficient flexibility in the labor market (April 10th, 1999). This indicates that globalization has jeopardized Western countries jobs because companies are moving their establishments to developing countries where they don’t need to pay employees as much and where land is cheaper so overall businesses benefit from this. Also, employees in the developed world are at risk of becoming redundant as they are susceptible to face pay cuts in jobs. Employees are less skilled in the developing world as they don’t receive the benefit of an education like developed countries do. So a company may want to build factories in these countries because environmental laws aren’t as strict. Establishments in these areas provides promising jobs for the local people and allows them to learn new skills, however they are set on minimum wage which in developed world countries, this would not be enough to live on, wherein third world countries this is still a low amount so this is not enough to bring them out of poverty meaning that the only one who benefits from this is the company. Although there have been several arguments against exploitation and oppression, the majority of developing countries do not have existing laws which take minimum wage