Neoliberalism Questions
Neoliberalism views privatization as a key component of economic growth and development. It promotes the transfer of state-owned enterprises and services to the private sector, believing that market competition and profit incentives will lead to greater efficiency, innovation, and overall economic prosperity. Neoliberalism argues that privatization reduces government intervention in the economy, allowing for more individual freedom and choice. However, critics argue that privatization can lead to inequality, reduced access to essential services, and the concentration of wealth in the hands of a few.