Globalisation : risks of neo-liberalism

Abstract

Neo-liberalism has accomplished what socialism has still not attained. Whereas socialism is still responding for its faults, assumed or not, neo-liberalism has effectively conceived and evaded its costs and failures. Moreover, it has expanded and extended to another phase as it succeeded to adjust its parameters to the new global era whilst socialism is still debating with regards on how and if to modify some of its core values in order to present itself as a feasible system for the global society. Indeed, neo-liberalism has achieved to establish its values and practices as the sole feasible system as it brilliantly succeeded to associate its practices as the natural system to conform to global requirements. Much of this success is to be ascribed to the strong presumed correlation between freedom and neo-liberalism, while socialism has all along maintained a natural link to a dominant state system. In such a scenario, we are made to understand that we ought to accept what ever the costs or the failures that result from the neo-liberal doctrine, as neo-liberalism is the sole option. Instead of shaping a new phase in human history, by structuring a global society based on values of equality, sustainability and diversity, we are far away from shaping a new philosophy that could adequately answer to the new global circumstances. Hence, we adhere to values that inspire self-interest and individualism unaware of the harm we are causing to us and the generations to come.