How does neoliberalism view social inequality?

Neoliberalism Questions



80 Short 55 Medium 47 Long Answer Questions Question Index

How does neoliberalism view social inequality?

Neoliberalism views social inequality as a natural outcome of market forces and individual choices. It argues that a free market system, with minimal government intervention, will lead to overall economic growth and prosperity, benefiting all members of society. Neoliberalism believes that social inequality is necessary for incentivizing individuals to work hard and innovate, ultimately leading to economic progress. It emphasizes the importance of individual responsibility and meritocracy, suggesting that those who are successful deserve their wealth and those who are not successful are responsible for their own circumstances.