Neoliberalism Questions
The neoliberal approach to social security is characterized by a belief in limited government intervention and a focus on individual responsibility. Neoliberals argue for the privatization of social security systems, advocating for individuals to have more control over their retirement savings through private investment accounts. They argue that this approach promotes efficiency, choice, and personal freedom, while reducing the burden on the state. Neoliberals also emphasize the importance of market forces in determining retirement benefits, favoring means-tested programs rather than universal entitlements.