3min chapter

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Capitalism: What Is It?

Throughline

CHAPTER

What Is Neoliberalism and How Has It Shaped Our World?

Neoliberalism is an ideology, a kind of like radical faith in the ability of markets to solve all problems. But I think that there's a real way in which market solutions can't deal precisely with things like inequality and climate change. And so there has to be some level of government regulation. Even people like Milton Friedman suggested that there should be a floor under which people should not be able to fall.

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