Neoliberalism as a factor in the growth of inequality and the development of the speculative and financial sector
https://doi.org/10.31660/1993-1824-2022-1-41-56
Abstract
In the article, the growth of inequality in the world is associated with the policy of neoliberal reforms. Neoliberalism as an ideology and practice implies the privatization of state property, the state's withdrawal from the social sphere, and largescale commercialization. The author debunks the market myth, according to which the personal responsibility of each citizen is associated with the common social good. Some neoliberal ideologems that justify inequality are also criticized. It is noted that a number of developed countries, forcing the governments of less developed countries to implement neoliberal reforms, themselves refrain from deep market reform; it is this abstinence that has served their development. Accordingly, for them neoliberalism is primarily an exportoriented ideology and practice that serves to slow down the development of geopolitical competitors. The modern "postmodern economy" is characterized by virtualization, simulacrization, and financial speculation. The article pays the greatest attention to the development of the speculative and financial sector, which has become widespread due to the implementation of neoliberal policies. Financial speculation is seen as a socially harmful phenomenon, bearing its share of responsibility for the growth of inequality.
About the Author
A. N. Il'in
Omsk State Pedagogical University; Omsk State Medical University
Russian Federation
Russian Federation
Alexey N. Il'in - Department of Practical Psychology; Department of Philosophy and Social and Humanitarian Sciences
Omsk
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Review
For citations:
Il'in A.N. Neoliberalism as a factor in the growth of inequality and the development of the speculative and financial sector. Proceedings from higher educational institutions. Sociology. Economics. Politics. 2022;15(1):41-56. (In Russ.) https://doi.org/10.31660/1993-1824-2022-1-41-56
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