Neoliberalism was an act established around the 1980’s that gave the big name companies total freedom from the government. Liberalism is the belief of freedom and equality. Neo just means new. Around the eighties people who owned the largest companies who wanted to get more profit from their business, by paying less taxes and making the government to less intervene with them pushed for that law. They claimed that the just want to get freedom from the government and after congressional debate they won. The effect of it is that it gives the rich the rule of the market, cutting of public expenditure for social services and Deregulation. Since this ideology frees the private own enterprises from government bonds it gives them total authority when
