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NEOLIBERALISM VS KEYNESIANISM (KEYNESIANISM, NEOLIBERALISM), STATE…
NEOLIBERALISM
VS
KEYNESIANISM
KEYNESIANISM
NEOLIBERALISM
STATE INTERVENTION:
-THERE MUST BE PUBLIC EXPENDITURE, PUBLIC COMPANIES
-THERE MUST BE HIGHER SALARIES
TOTAL LIBERALIZATION OF ECONOMY:
-MINIMUM PUBLIC EXPENDITURE
-EVERYTHING MUST BE PRIVATE
-PUBLIC COMPANIES SHOULD BE PRIVATISED ( TELEFONICA)
-FEW TAXES
-ZERO STATE INTERVENTION
: :check:
TYPICAL OF RIGHT WING POLITICAL PARTY (PP)
DEFENSOR: MILTON FRIEDMAN
THE STATE DOESN´T HAVE TO INTERVINE: IS ALL PRIVATE
:
DEFENSOR: JOHN MAYNARD KEYNES
THE STATE MUST INTERVINE IN ECONOMY BECAUSE THE MARKET MAKES MISTAKES: EXAMPLE THE CRACK 29
THIS IS A SOCIALDEMOCRACY
