Saturday, April 6, 2013

Neoliberalism & The Danger it Poses to Society


In class this week, we analyzed the terms neo-feminism and neo-liberalism. Neo-liberalism is defined as a political philosophy that advocates support for free trade and open markets and increasing the role of private sector in a modern society. 


On December 14th of last year, a man went on a killing spree in Newtown, killing 26 people, including 20 children. For an article on The Week, Neil Clark explains that there will be more examples of killing sprees, such as the one in Newtown and in Britain recently due to the fast-paced changes in a neo-liberal United Kingdom. “The answer is that we've Americanised our economy, and consequently are paying a very high social cost.”

Henry Giroux, author of “Youth and the Politics of Disposability in Dark Times” argued in a recent article that the rise of financial meltdown presents a problem for the youth. Giroux defines neoliberalism as; “the latest stage of predatory capitalism [and a] part of a broader project of restoring class power and consolidating the rapid concentration of capital.”



One of the important questions to ask when considering commercial films, national culture and its relationship with neo-liberalism is if there are any benefits. One of them can be the film industry in Argentina. The country’s government is characterized by neo-liberal economic reform that which has benefited greatly for its film industry. “The film industry in Argentina has witnessed a recent `boom' in commercial blockbuster movies that is bringing audiences back to see national films. These high budget productions are produced in part by large television channels that are utilizing state subsidies for these projects. While this translates into healthy growth for the film industry, it is transforming the character of national film production from a cultural project to a commercial product.” (Media, Culture & Society)

On the other hand, it seems to defeat the purpose of neoliberalism if the government benefits. In an article in The Guardian entitled: “Our economic ruin means freedom for the super-rich”, George Monbiot explains:  “Neoliberals claim that we are best served by maximising market freedom and minimising the role of the state. The free market, left to its own devices, will deliver efficiency, choice and prosperity.” Therefore, the role of the government should not be so influential in the industry as private enterprises.

I think it's important to note that the private sector, especially in concerns to films is very influential. Apart from the economy, it's also important to note that neo-liberalism has seeped into films and education.



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