Neoliberalism Essay Example | Topics and Well Written Essays - 500 words

Neoliberalism - Essay ExampleA contemporary addition is the inclusion of technological changes. According to economic liberals the line between political and economic force out is so faint that they both concurrently wield enough propensity to affect society. The main difference however, between economic agent and political power is the inherent weakness of efficiency in politics. In order words, the state lacks the capacity to process the information required to facilitate the process of efficient allocation. In a related sense the state beaurocracy can serve as a draw back to meaningful progress, thus the main motivation poop the argument in favor of less state involvement in economic activities in the view of liberals.Soon after the finish upicial end of the sustain World War, the world witnessed a radical confrontation of the previously held foundational theories of economic liberalism. In many ways this can be said to be a direct result of an emerging global order that divi ded the world into the haves and the have nots. It became apparent that most of the conventional theories failed to work for the developing world. It therefore sparked off a new dispensation economic theories that sought to address these visible imbalances at all levels.