The Major Tenets Of Neoliberal Capitalism

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Neoliberal capitalism is a form of capitalism that focuses on different policies like deregulation and privatization in the pursuit and promotion of a free market. The major tenets of neoliberal capitalism is economic expansion, raising profits, and preventing the wage of workers from going up by decreasing it as much as possible through exploitation. The focus is to increase product output while increasing the rate of exploitation of proletariats by constantly seeking to replace old expensive labor with cheap new labor. Due to the fact that bosses sought to keep making productive labor as cheap as possible, it made it possible to keep profits high. This system in place makes it so that the rich (bourgeoisie) get richer and the poor (proletariat) get poorer. The North American Free Trade Agreement (NAFTA) represented the core points of Neoliberal capitalism because the purpose of this agreement was to create a system One day the bosses abandoned the factory after they had cut pay and instead of just leaving, the workers just decided to keep it running. The workers run it with no one main owner but instead they are all the owner. This creates a system where every single worker is important and in one case where a worker needed money for medical bills, many workers came together and gave money out of their own pay to help this sick worker. They also hold elections in the factories so everyone as a say in who the main leaders of the factory will be and everyone has a chance in possibly being elected. This new system the workers have created has made it possible for workers to have a fair pay as well as a voice in what happens with the factory. All workers are valued and aren’t seen as just replaceable pawns. Even though these workers still face a possibility of being evicted from these factories without guaranteed protection, they still fight because they know they have the power to make a

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