Analysis of neoliberalism

Neoliberalism is an economic philosophy that emphasizes free markets, limited government intervention, and individual entrepreneurship. It advocates for reducing regulations, privatizing services, and encouraging competition to promote economic growth. Supporters believe it enhances efficiency and innovation, while critics argue it can increase inequality and undermine social protections. Essentially, neoliberalism promotes the idea that less government involvement leads to a more dynamic and prosperous economy, relying on market forces to allocate resources and determine economic outcomes.