Daily Archive Tuesday, February 5, 2019
05 Feb 2019
What is the relationship between neoliberalism and the global financial crisis and can critical theory help us to understand this contemporary crisis?

In the core of the term “neoliberalism” stands the understanding that the economic and social problems can be resolved by means of competitive markets[i]. The competitive markets are considered to be superior in regard to efficiency, justice, freedom, or a combination of them[ii]. Neoliberalism promotes substitution of government functions with services offered by private profit-seeking