Neoliberal Capitalism Research Paper

Neoliberal Capitalism
The pervasive nature of neoliberal capitalism, as the primary ideology of success upheld among increasingly-globalized Western countries, has led to the widespread adoption of certain cultural conventions that influence interactions with populations perceived as inferior in some manner. These cultural beliefs and practices include the judgement of neoliberalism and Western culture as the quintessential model, the idealization of specific personality traits, and the acceptance of inequality as the result of individual failure in a meritocratic system. These characteristics of neoliberalism have negatively impacted the neglected and underrepresented populations of both Western and non-Western countries by disregarding opinions …show more content…
Therefore, neoliberal capitalism should be viewed not necessarily as a perfect, exportable model because there are inherent flaws present in Western countries, such as the lack of societal imperative to resolve the issue of income and wealth disparities. Despite the strong globalizing forces of the developed world, hesitation must be taken before imposing norms on other cultures, given that Western standards aren’t universal and that various historical and cultural contexts must be applied when interacting with a foreign community or government entity. Thus, neoliberal capitalism should instead focus on setting better standards for potential future adherents, rather than attempting to impose these unpolished cultural practices on the developing world, allowing them to preserve their national identities and traditions and maintaining a heterogeneous international