The Neoliberal Ideology

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I.Introduction:

This political study will analyze the importance of the social compact as a dominant feature of the state due to the failure of the neoliberal ideology. The value of civil society and community0-based political mobilization is crucial to bring about a social compact that is inclusive of a wider majority of the population. The state is one of the only major institutional centers for the social contract to negotiate the needs of the people, and to reduce the power of private sector business interests from becoming too dominant in the daily political lives of the citizenry. Examples from Africa, Europe, and Russia will define the power of the state to moderate and control the needs of the citizen as a countermand to the capitalistic
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However, since the 1990s, it has become apparent that the power of capitalist corporations has taken control of the government through lobbying, management of the economy, and through the power of capital to coerce members of governments to do their bidding. Therefore, the neoliberal ideology often promotes a “free market” ideology that inevitably influences the government to overlook regulations that control the power and influence of corporations over the state. These are important issues that define the failure of neoliberalism to promote the greater good for the average citizen, while encouraging the massive accrual of wealth and power in the hands of few powerful capitalist …show more content…
This aspect of state security illustrates the powerful aspects of a ”governing regime” that often is affected by corporate bribes and other factors that influence the decision making process of government officials. This type of limited government influence on the social compact is part of a growing concern related to the power of banking institutions and corporate power in the European Union, which also tends to reject social investment into the community as a way to countermand government corruption at the federal level. Much like African nation states, it is important to understand the lack of social program, policies, and institutions that are not available to the majority of people under the neoliberal

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