America wants to prioritize people over profits
By Sardar Khan Niazi
Neoliberalism, the economic philosophy that gained ground in the late 20th century, has reshaped American society. With its emphasis on market-driven policies, deregulation, privatization, and a reduction in government intervention, neoliberalism has left a significant imprint on the country’s social and economic landscape. Now, as the progressive movement surges forward, many are asking whether it is possible to undo the damage done by decades of neoliberal policies. Neoliberalism, championed by figures like Ronald Reagan and Bill Clinton, promoted the idea that the free market, unimpeded by government restrictions, would create wealth and prosperity for all. Under neoliberal policies, the rich have become wealthier while the poor and middle class have struggled. The 2008 financial crisis, sparked by the deregulation of the financial sector, is a stark example of the dangers of unfettered capitalism. Despite bailouts for banks and corporations, ordinary Americans bore the brunt of the crisis. Neoliberalism has been accompanied by a push to privatize public services, including healthcare, education, and transportation. The result has been a decline in quality and access for working-class families, while wealthier individuals have been able to afford private alternatives. Environmental regulations, weakened under neoliberal regimes, have contributed to the climate crisis. Deregulation of industries, particularly in fossil fuels, has allowed corporations to prioritize profits over the planet’s well-being, often at the expense of future generations. Progressives in America, particularly those aligned with the left-wing wing of the Democratic Party, have begun to challenge neoliberalism head-on. Figures like Bernie Sanders, Elizabeth Warren, and Alexandria Ocasio-Cortez are advocating for policies that counteract the harm done by neoliberalism. However, can they succeed? One of the most significant challenges to neoliberalism is the push for universal healthcare. The Affordable Care Act was a step toward reform, but progressives are calling for Medicare for all, aiming to replace the privatized healthcare........





















Toi Staff
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