Difference Between Neoliberalism And Libertarianism

The Neoliberal ideology believes that government intervention of the markets should be as minimal as possible. It is unlike libertarianism that tends to focus on legal and social rights. The central beliefs of neoliberalism and libertarianism maintain is that human nature is self interested, meaning that human nature prioritizes human nature individualism over communitarianism. Furthermore, the neoliberal ideals of liberty are fueled through negative liberties. Last, it insists that economic organization is best market driven where there is a little state intervention as possible. From the prospective of a neoliberal, globalization is a economically driven process that should adhere to neoliberal principles of private property and economic markets without state regulated. Neoliberalism as a result is very much a Lockean idea. The neoliberal doctrine has dominated international politics due to the world markets becoming increasingly privatized, de-regulated and laissez faire. This paper will argue that globalization is a product of globalization, as it follows the principle beliefs of neoliberalism.

It has been argued byM.D.

Litonjua that globalization is the global spread of the economic system of capitalism, promoted by neoliberalism. Therefore, it is the goal to keep the global markets as unregulated as possible. This withholds the neoliberal principles because globalization key principles lie upon free markets and uninhabited markets. Neoliberalism has created powerful support for free markets, which has been termed as accelerated globalization. These global forces were coined as the “Washington Consensus. Within the global markets neoliberalism has become such a strong force that it is believed that there is no possible alternative to neoliberalism. Due to the unwavering support of neoliberalism across the globe, policy makers have begun to use the term globalization as a movement of neoliberal markets across the

globe.
The privatization and deregulation of the global markets has brought great prosperity tp many nations, businesses and sectors across the global economy. However, it has also caused a great amount of harm as it has eliminated many jobs, and workers have begun to see that their working conditions increasingly worsened. It has been observed that the financial markets have become increasingly unstable as a result of deregulation. The mass de-regulation of international markets has also resulted in mass environmental deterioration, and mass cultural and social inequality.
Another core principle of neoliberalism in the globalized state is the unified commitment to disassemble and eliminate the Keynesian welfare state, and wealth equality and redistribution of taxation. Well neoliberalism and globalization were not intended to be directly linked the two ideologies have been commonly gone hand and han