austerity

An austere apartment

The Link Between Neoliberalism and Austerity in Sociology

This blog post explores the link between neoliberalism and austerity, two concepts that intersect and influence each other. Neoliberalism, an economic ideology emphasizing free markets and limited government intervention, has shaped policies globally. Austerity refers to government policies that reduce public spending to address economic crises. The interplay between neoliberalism and austerity often leads to social consequences, including increased social inequality and limited access to essential services. Understanding this relationship is crucial for sociologists and policymakers to create more equitable systems prioritizing the well-being of all individuals.

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