Answer to Question #96228 in Political Science for Adekunle Okunade

Question

The Washington consensus has come under increasing scrutiny in recent time. Identify three (3) shortcomings of the Neo-liberalism ideology and profess solutions to them.

Answer 1

Neo-Liberalism Shortcomings: Environmental disaster where the ecosystem is drastically collapsing, economical breakdown due to random wealth accumulation by the rich and those in power, and the rise of unfit and dictatorial leaders are some of the disadvantages of neoliberalism. All these shortcomings can be avoided if people stop accepting and welcoming ideologies through distraction without thoroughly looking into them regarding how they will affect the social, political, and economic space.