Assignmen on Neoliberalism Political Strategy

David Kotz, 《The Rise and Fall of Neoliberalism 》- Chapters 1 – 5

Answer all questions

Don't use plagiarized sources. Get Your Custom Essay on
Assignmen on Neoliberalism Political Strategy
Just from $9/Page
Order Essay

1.  Chapter 2 explains that neoliberalism was a planned and well-executed political strategy whose goal was to challenge the role of the government in the capitalist economy.  Its primary aim was to remove the various watchdogs that had been set up in various government agencies to protect the public from monopoly power, negative externalities of pollution and congestion, alleviate the worst kinds of poverty and unemployment, and sound a warning bell when speculative behavior let to asset bubbles.  This is all captured in Table 2.1, “The Ideas and Institutions of Neoliberal Capitalism”

In 300 words,  explain WHY neoliberalism attempted to (i) alter the role of the government in the economy and (ii) break up the accord that had fostered conversations between labor unions and the management of large corporations.

2.  Chapter 3 looks back at what Kotz calls the golden era—the era of regulated capitalism which ushered the post-war growth and development of the US economy from 1945 – 1970.

In 300 words, 

(i)  explain Kotz’s claim that the largest of the US corporations supported regulated capitalism during 1945-70 but later dropped its support and advocated for its overturn.  In your answer, explain how the oligopoly sector benefited from the policies of regulated capitalism and what happened during the 1970’s which convinced the oligopoly sector to advocate for the end of regulated capitalism.

(ii)  Using the videos “America’s Time 1976-80 and “Decline of the Labor Union, add more information or analysis to what you have written in (i).  What did these videos bring out that amplify Kotz’s points, adds a new dimension, and/or challenges Kotz’s analysis?

3.  The theme of Chapter 4 is that neoliberalism capitalism has failed to deliver on its promise to deliver even faster economic growth with enhanced opportunities for all in society to benefit from the opportunities of the free market economy.

In 400 words, 

(i) select at least 4 different arguments that Kotz provides to support his claim that neoliberalism is flawed and has actually created more economic insecurity and instability that its predecessor, regulated capitalism. 

(ii)  How does the Lowrey article add to this discussion of the impact of neoliberalism?

4.  Chapter 5 discusses the roots of the financial crisis in 2007-09 and pins the blame on behavior that was encouraged by neoliberal institutions.  The argument is supported by data and a schematic outline of the argument in Figure 5.4.

a. What are the neoliberal institutions that Kotz is referring to?

b. How is rising income inequality linked to the era of neoliberalism?  Why would unregulated competitive capitalism create such a huge gap between the average US employed worker and the owner class (those whose wealth comes not from labor but from holding financial assets)?

c. What are asset bubbles and why did they arise from the unregulated/neoliberal era of the 1990’s-2007?

d. Provide a definition and example of risky, speculative behavior on the part of financial institutions.  Why weren’t banks more prudent and careful in lending money to corporations and individuals?

5.  In Question 4 you traced the 3 developments of rising inequality, asset bubbles, and risky lending by financial institutions.  In this question, explain the link between these 3 developments the following three “unsustainable trends”:

e. rising household and financial sector debt

f. the spread of toxic financial assets

g. excess productive capacity?  Explain the link.

6.  In his video lecture, Joseph Stiglitz explains that income inequality imposes costs on the US economy and society.

h. Who is Joseph Stiglitz and what are his credentials? Do a Google search

i. What are the myths about income inequality that he hopes to dispel?

j. What costs does income inequality impose on the US economy and society?

7.   The “Crisis of Credit” video fills in detail about risky, speculative behavior on the part of banks and how and why banks used leverage to enhance their profits.  What is leverage and how does it “turn good deals into great deals?”

  • attachment


Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
error: Content is protected !!
Open chat
Need assignment help? You can contact our live agent via WhatsApp using +1 718 717 2861

Feel free to ask questions, clarifications, or discounts available when placing an order.
  +1 718 717 2861           + 44 161 818 7126           [email protected]
  +1 718 717 2861           + 44 161 818 7126           [email protected]