Political Science · Political Theory
Which of the following are associated with neo-liberal politics?
- 1. Free markets
- 2. Rational individuals
- 3. The emphasis on home ownership
- 4. State dirigisme
A1 only
B1 and 2 only
C1, 2 and 3 only ✓ Correct
D1, 2, 3 and 4
Correct answer: (C) 1, 2 and 3 only — Neo-liberalism rests on free markets, rational self interested individuals and policies like home ownership, so the answer is 1, 2 and 3 only.
Explanation
★Neo-liberalism rests on free markets, rational self interested individuals and policies like home ownership, so the answer is 1, 2 and 3 only.
★Free markets are the core neo-liberal claim that competition allocates resources better than the state.
★It assumes rational individuals who pursue self interest, drawn from classical and neoclassical economics.
★The push for home ownership reflects the neo-liberal goal of a property owning democracy, seen in Thatcher's Britain.
★State dirigisme means heavy state direction of the economy, which neo-liberalism explicitly rejects.
★Because dirigisme is the opposite of the neo-liberal programme, statement 4 does not belong.
★Neo-liberalism, linked to Hayek and Friedman, sought to roll back the state rather than steer the economy.
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