, SOC2602 Assignment 6 (COMPLETE ANSWERS)
Semester 2 2024 (522292) - DUE 24 September 2024 ; 100%
TRUSTED Complete, trusted solutions and explanations.
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
The Effects of Neoliberalism in Post-Apartheid South Africa
Neoliberalism is a political and economic ideology that
advocates for free markets, minimal government intervention,
and deregulation. Emerging in the 1970s, it has become a
foundational aspect of modern capitalism. In post-apartheid
South Africa, neoliberal policies have significantly influenced
the socio-economic landscape, exacerbating existing inequalities
and contributing to widespread poverty and unemployment.
Main Features of Neoliberalism