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Words: | Submitted: Tue Jun 20 2006
... Chicago University, including Friedrich von Hayek and Milton Friedman (the 'Chicago School' neo-liberals), obtained significant support for their ideas and convinced others to accept neo-liberalism through effective marketing.2 Another belief is that, following the post-cold war conflicts (e.g. those in Chechnya, Somalia and Liberia), conflicting liberal ideas emerged (particularly regarding interdependence theories), such that there was no single 'liberal voice'.3 If liberal ideals were to survive, it was necessary for liberals to adjust and revive their theories, eliminating this confusion. A further explanation offered, is that slow profit growth during the Keynesian era prompted the capitalist class to seek a way of encouraging more rapid economic development.4 An examination of historical events would suggest that there are elements of truth to all these explanations.5 Neo-liberals advocated deunionising and deregulating labour forces, arguing that wealth from the top of a self-regulated market would 'trickle down'.6 Many neo-liberals argue that neo-liberalism is the 'natural' way ...
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