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12 Jul, 2013

Neoliberalism and public unrest: Time to connect the dots – Al Jazeera English

Political and economic elites, working in tandem, have managed to neutralise the aspirations of ordinary people, in part spurring the disenfranchisement driving the protests.

Whether it is the removal of subsidies protecting the poor against inflation and price shocks in Egypt, or the enormous cost of hosting high profile sporting events in Brazil at the expense of social services, or government plans to commercialise a beloved public park in the heart of Istanbul, the headlong embrace of neoliberal economic policies by governments is likely to cause further dissatisfaction and unrest across the globe.

Neo-liberalism, using a dictionary definition, as a “modern politico-economic theory favouring free trade, privatisation, minimal government intervention, reduced public expenditure on social services etc.,” reduces the responsibility of the state while promoting privatisation to favour those with access to resources and influence. It is playing havoc with the lives and livelihoods of ordinary people.

Read the rest: Neoliberalism and public unrest: Time to make the connection – Al Jazeera English.