Critique of neoliberalism

Critique of neoliberalism points out that its emphasis on free markets, privatization, and deregulation often leads to increased inequality, reduced public services, and economic instability. Critics argue that it prioritizes corporate interests over social well-being, diminishing protections for workers and the public. While promoting growth, neoliberal policies can widen gaps between the rich and poor, undermine community support systems, and make economies more vulnerable to crises. The critique highlights the need for balanced approaches that consider social equity and public welfare alongside economic efficiency.