Consequences of neoliberalism

Explanation:

Neoliberalism is contemporarily used to refer to market-oriented reform policies such as "eliminating price controls, deregulating capital markets, lowering trade barriers" and reducing, especially through privatization and austerity, state influence in the economy.

Neoliberalism has impacted significantly on social work over recent decades. ... Processes of privatization and marketization now dominate, with the ideal of social citizenship being eroded in favour of incentivizing employment and abolishing so-called welfare dependency

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