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SOC2602
ASSIGNMEMT 6 SEMESTER 2
ENIQUE NO 522292
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the question below
COMMISSIONER JAY
, 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
Neoliberalism: Features and Impacts in Post-Apartheid South
Africa
Introduction
Neoliberalism, as a political and economic ideology, emerged
prominently in the 1970s, advocating for free markets, deregulation, and
a reduction in the role of the state in economic affairs. Its roots can be
traced back to classical liberalism but gained renewed emphasis with the
rise of leaders like Margaret Thatcher in the United Kingdom and
Ronald Reagan in the United States. This essay examines the main
features of neoliberalism and its profound economic and political effects
in post-apartheid South Africa, particularly in relation to poverty,
inequality, and unemployment.
Understanding Neoliberalism
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