Professional Documents
Culture Documents
Explain,
using relevant theoretical concepts and examples.
When one examines poverty, both within the developed and
developing world, it is clear that rather than providing any sort
solution to poverty, the neoliberal paradigm does a great deal to
create and perpetuate it. Neoliberalism itself is an economic
philosophy that follows the ideology that economic prosperity is
achieved through minimal to no governmental involvement in the
market, with the aforementioned prosperity theoretically trickling
down to the poorest in society. Yet upon closer inspection, it fails to
deliver in many of these aspects, with neoliberal policies
perpetuating issues of income inequality and unequal distribution of
wealth, as is the case in the United States. Furthermore, the
feminization of poverty has escalated as a result of neoliberal
practices, a phenomenon which has echoed through developing
nations such as South Africa. International organisations such as the
IMF and the World Bank have also adopted this programme of
economic liberalization and in their goal to reduce poverty push
similar programmes upon Developing Countries in the form of
Structural Adjustment Programmes and more lately Poverty
Reduction Strategy Papers, which have essentially forced
Developing Countries such as Nicaragua to adopt neoliberal
schemes to the detriment of their populations.
1 Susan George. Whose Crisis, Whose Future: Towards a Greener, Fairer, Richer
World. United Kingdom: Polity Press, 2010, 26-27
2 David Harvey. A Brief History of Neoliberalism. New York: Oxford University
Press, 2005, 2
3 George, Whose Crisis, 28
4 ibid., 28
5 Harvey, Brief History of Neoliberalism, 4
by 10.7%.8 Therefore those with the most receive more while the
poorest in society get less. It cannot be denied that this upward
distribution of wealth is almost entirely supported by the neoliberal
schemes put forward by the government. Massive tax cuts were
afforded to the rich business owners with the belief that the wealth
would trickle down as the businesses, free from large taxes could
work more functionally and create more prosperity.9 However, upon
any inspection of wealth distribution in the US, it is clear that
excessive tax cuts for the rich are what they are -- a simple upward
redistribution of income10. This, combined with the systematic
cessation of welfare programmes, which reflects the neoliberal
thought of individuality and self sufficiency, has brought the poorest
in the United States to their knees, exacerbating poverty where
welfare might have reduced it.11 However, the US is just one
country, and it is important to realise that these developments are
happening on a global scale, all around the world.
19
20 ibid., 108
21
21 ibid., 109-10
References
Benjamin, Saranel. The Feminization of Poverty in Post-Apartheid South Africa.
Journal of Developing Societies vol. 23 no. 1-2 (2007): 191
Chossudovsky, Michel, The Globalisation of Poverty: Impacts of IMF and World
Bank Reforms. New
Jersey: Zed Books, 1997
Coburn, David. Beyond the income inequality hypothesis: class, neo-liberalism,
and health inequalities. Social Science & Medicine 58, no. 1 (2004): 44
Harvey, David. A Brief History of Neoliberalism. New York: Oxford University Press,
2005
Koechlin, Tim. "The Rich Get Richer." Challenge 56, no. 2 (2013): 5-27
Lacey, Anita. Why are some people better off than others? Lecture, Politics 106,
The University of Auckland, May 7 2014
Income Distribution and Poverty, OECD Stat Extracts. Accessed 14/05/14,
http://stats.oecd.org/Index.aspx?DataSetCode=IDD
Moghadam, M. Valentine, The Feminization Of Poverty And Womens Human
Rights, SHS Papers in Womens Studies/ Gender Research, no. 2 (2005): 1
Peterson, V. Spike. How is the World Organized Economically. In Global Politics,
edited by Jenny Edkins and Maja Zehfuss, 405-26 (Abdingdon, Oxon:
Routledge, 2014)
Rckert, Arne. Producing neoliberal hegemony? A neo-Gramscian analysis of the
Poverty Reduction Strategy Paper. Studies in Political Economy, no.79
(2007): 95-110
Susan George. Whose Crisis, Whose Future: Towards a Greener, Fairer, Richer
World. United Kingdom: Polity Press, 2010