, SOC2602 Assignment 6 (COMPLETE ANSWERS)
Semester 2 2024 (522292) - DUE 24 September 2024
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Neo-liberalism is a political and economic ideology which emerged in the
1970s and is considered as a cornerstone of modern capitalism. In post-
apartheid South Africa, neoliberalism has had profound effects on the country,
most notably creating a divide between the ‘haves’ and ‘have-nots’ and high
rates of poverty, unemployment and inequality (Study Guide, 2018). Topic:
Write an essay in which you discuss the main features of neo-liberalism and
the economic and political effects of neo-liberalism in post- apartheid South
Africa. In your discussion, touch on the issues of poverty, inequality and
unemployment
Neo-liberalism in Post-Apartheid South Africa: Features and Effects
Introduction
Neo-liberalism, as a political and economic ideology, gained
prominence in the late 20th century, particularly during the 1970s. It
advocates for free-market capitalism, reduced state intervention in the
economy, deregulation, and privatization of public services. The
resurgence of neo-liberal policies has significantly shaped global
economic structures and national policies, leading to profound changes
in various countries, including South Africa. This essay examines the
key features of neo-liberalism and its political and economic impacts in
post-apartheid South Africa, focusing specifically on the issues of
poverty, inequality, and unemployment.
Understanding Neo-liberalism
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