Advertisements
Skip to content
April 25, 2018 / C H Thompson

New Right social theory

In addition to Friedman Peter Bauer advocated additional responsibility’s for government in two areas:

  1. Health and education
  2. The management of monetary and fiscal (tax/spending) system
  • In essence Friedman and Bauer’s free-market economy does not eliminate the need for government it simply ‘rolls it back’ to a minimum
  • this is because the production, distribution and trade of goods and services is best left to private profit making firms rather than public government (state run) organisations – in contrast Corbyn wants to expand the role of the state
  • In other words business should be free of government interference to do as it wishes as ‘exchange can bring about co-ordination without coercion.
  • A working model of a society organised through voluntary exchange is a free enterprise exchange economy’ (Friedman).
  • These principles were famously adopted by Mrs Thatcher who started introducing free market economic policies in education – 1988 Education Reform Act – marketization of education.

Further evaluative points

  • Noam Chomsky’s book ‘Profit Over People’ (1999) adopts a similar position to Corbyn
  • by arguing that neo-liberal economics has reduced the power of ordinary people to influence government policy as it has merely served to increase the wealth and power of unelected executives of corporations
  • Chomsky points out reducing the role of the state (and its size) restricts its capacity to improve or assist vulnerable people in society.
  • Therefore reduced state involvement, reduces the power of the state to shape society according to its wishes (state centred theorists) or the wishes of the people (pluralist state theory).
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: