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The major political battle of today can be directly attributed to the rivalry between the two fundamental schools of political thought, neo-liberalism and socialism. ... The reason for this is that both socialism and neo-liberalism, or liberalism in it’s more traditional form, both possess positive elements, as well as negative ones, tending to be in opposite form. Whilst neo-liberalism’s goal is optimal productivity, the goal of socialism is optimal welfare for all. ...
Neo-liberalism is the notion that the state has become too large and has an adverse effect on economic efficiency. The belief that a complete shift of the economy to the free play of market forces would be most beneficial to all is the basis of the neo-liberalist argument. ...
Although neo-liberalism is primarily for the individual and has a vigorous anti-state philosophy, the government does fill a very definite need in society by providing security for New Zealand, in terms of military defence as well as a present body expected to ‘pick up the pieces’ in the occurrence of any unforeseen disaster. ... In this instance as well as many others, the governmental presence was of great value to many, and neo-liberalists agree with this to some degree. ... The neo-liberalist theory provides a much better world for those at the top end of the entrepreneurial scale, a better world for those in the centre and even less for those at the bottom. ... However, the neo-liberalist view is not necessarily opposed to social justice but this achieved by state intervention is very low on the list of priorities.
Approximate Word count = 1310 Approximate Pages = 5.2 (250 words per page double spaced)
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