Paper Summary:

This argumentative paper proposes that the concept and philosophy of neo-liberalism has failed in its attempts to adapt to modern changes in the world and the economy. The writer argues its initial selling point was that it was deemed to open up markets in order that other countries may embrace democracy. But it has found to rather promote economic enterprises by corporations and has created racial and social biases which have killed the idea behind such a philosophy. The conclusion to the paper is that markets need a holistic and open fashion that allows discussion and evolution.

Outline:
The underlying reasons for the death of neo-liberalism
The death of neo-liberalism
The demise of neo-liberalism and politics of difference
Conclusion

From the Paper:

"Neo-liberalism as a continuation and refinement of classical liberalism is often only referred to in terms of economic philosophies and processes. While this is a central issue and an aspect that has been debated lately as a result of the economic downturn in the world, yet it will be argued in this paper that there is more to the concept of neo-liberalism than just economics; and that if fact neo-liberalism constructs certain differences in the society and that its demise is related to the postmodern critique and deconstruction of the philosophy of differences.
"The term neo-liberal is in the first instance related to the ideal of a free market and free market trade as well as to the liberalisation of the restrictions on markets and international trade. However, as will be suggested, the demise or death of the neo-liberal agenda is not really or in reality only a result of market forces of factors, The real underlying reason for the death of neo-liberalism is that the ethos of neo-liberalism is one that represents prejudice and bias and therefore is seen by many to an undesirable political and social model. It has in essence become outmoded in an age that is hyper-critical and which interrogates the norms and values of those in authority.
"On one level neo-liberalism appears to represent a free and open system of enterprise and democracy and the fact that it advocates the removal of all barriers to free transfer has, until recently, made it appear to be an ideal model for entrepreneurial success. The recent debacle on the world markets has shown the fallacy of this approach."

Sample of Sources Used:

• Buchanan P. (2008) Death Of Neoliberalism, From A New Zealand Angle. Retrieved May 20, 2009, from http://www.scoop.co.nz/stories/HL0810/S00080.htm
• Coleman W. (2007) The Strange Death of NeoLiberalism: The Left like to think that neoliberalism is the dominant ideology of today - William Coleman argues that in fact neoliberalism is dead. Retrieved May 20, 2009, from http://www.socialaffairsunit.org.uk/blog/archives/001470.php
• Friedman, Thomas. (2000) The Lexus and the Olive Tree. New York, New York: Anchor
• GLOBALIZATION THEORIES. Retrieved May 20, 2009, from http://www.sociology.emory.edu/globalization/theories01.html
• Guerrero M. From the Ashes of Neoliberalism. Retrieved May 20, 2009, from http://www.communitychange.org/our-projects/movementvisionlab/blog/from-the-ashes-of-neoliberalism/view

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