How Neoliberalism Puts Profit Over People

Over the past thirty years Neoliberalism has become the deining economic paradigm of our time" (McChesney, 1999:7). After the decline of the post-war boom, both the UK and the USA started to look towards free market politics which insisted that previous policies of welfare support had created economic crisis and Neoliberalism was the best way forward (Callinicos, 2003). This reflection discusses how Neoliberalism does not sufficiently meet people's needs and that it exacerbates global inequality. It will also discuss the many inconsistencies and falsities of the neoliberal agenda and instead present Neoliberalism as a political system which places profit accumulation for a small rich elite at the expense of the livelihoods of the majority of people globally.