, 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, as a political and economic ideology that gained
prominence in the 1970s, emphasizes free-market capitalism,
deregulation, and a reduced role for the state in economic
affairs. In post-apartheid South Africa, the adoption of
neoliberal policies has significantly shaped the country's
economic and political landscape, exacerbating issues of
poverty, inequality, and unemployment.
Main Features of Neoliberalism
1. Market Liberalization: Neoliberalism advocates for the
deregulation of markets, promoting competition and the