Changes Brought by New Liberal Capitalism and Its Features.

In the latter half of the 20th century, major changes took place in the global economic system. These changes are known as New Liberal (Neo-liberal) Capitalism. After the 1980s, this economic ideology was widely adopted in the United States, Europe, and developing countries. In India, after 1991, the policies of liberalization, privatization, and globalization made this system more influential.

The central idea of new liberal capitalism is reducing the role of the state and giving greater freedom to the market system. The private sector was encouraged in industries, trade, and services. As a result, economic growth accelerated, productivity increased, and direct connections with the global market were established.

One of the important features of new liberal capitalism is the free market system, where prices are determined by demand and supply. Privatization is another key feature, with increased private participation in sectors such as education, healthcare, banking, and transportation. Through liberalization and globalization, the influence of multinational companies increased and foreign investment expanded. Rapid development took place in technology, especially information technology and the digital economy.

This system brought many changes in human life. Although economic growth increased, the gap between the rich and the poor widened. Employment opportunities were created, but at the same time, contractual, unstable, and gig-based jobs increased. The strength of labor unions declined, and issues of job security emerged.

Significant changes also occurred in social life. Consumerism, brand culture, and materialistic lifestyles expanded. Joint family systems gradually declined, while nuclear families increased. Individualism grew, whereas social responsibility and collective values weakened. In the fields of education and healthcare, quality improved, but rising costs made these services expensive for the poor and middle classes.

From an environmental perspective, the impact of new liberal capitalism has been alarming. Profit-driven competition has led to excessive exploitation of natural resources, increased pollution, and
environmental imbalance.

In conclusion, while new liberal capitalism has promoted economic development, technological progress, and global opportunities, it has also created social inequality, job insecurity, and environmental challenges. Therefore, it is essential to maintain a balance between market efficiency, social justice, human values, and environmental protection. Only through a balanced role of the state, society, and the market can inclusive and sustainable development be achieved.

Comments

Education

Education is the process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits. Educational methods include storytelling, discussion, teaching, training, and directed research. Education frequently takes place under the guidance of educators, however learners may also educate themselves. Education can take place in formal or informal settings and any experience that has a formative effect on the way one thinks, feels, or acts may be considered educational. The methodology of teaching is called pedagogy. Formal education is commonly divided formally into such stages as preschool or kindergarten, primary school, secondary school and then college, university, or apprenticeship. A right to education has been recognized by some governments and the United Nations.In most regions, education is compulsory up to a certain age.Education began in prehistory, as adults trained the young in the knowledge and skills deemed necessary in their society. In pre-l...

EDUCATION IS THE THE MILK OF A TIGRESS.

Education is the milk of a tigress. Whoever drinks it is bound to roar. This is not just a slogan — it is the nectar for all the oppressed. Dr. B.R. Ambedkar knew that in a deeply unequal and caste-ridden society, education was the only weapon of true liberation. Even today, countless marginalized individuals possess talent, skill, and ambition — but fear, superstition, and systemic traps hold them back. That’s why Babasaheb’s words must echo louder than ever: "Education is the milk of a tigress. Whoever drinks it will roar!" #Ambedkar #EducationForAll #BahujanUnity #Navmantra #SocialReform

Cast and Varna system in India.

In the Indian social system, you cannot live as a human being simply as a human. An Indian remains confined only within his caste. His economic, social, educational, and cultural formation, as well as his emotional development, are shaped within caste and are destroyed there as well. Whatever collective feeling should exist as a nation or as a society can never truly develop. Why does such dreadful inequality exist? Because it is based on the caste system. The creation of this system was not only to exploit and reduce competition for the benefit of the Brahmin community, but also to ensure that, even though a person possesses ability, skill, and willpower, he remains trapped within his caste or is forced to work only in that sphere. Most importantly, if you show willpower and try to break the caste system, the system confuses you. It makes you believe you can achieve everything, but in reality, you cannot—because you cannot change your emotions, nor can you detach from your rela...

Atul sarode.

Search This Blog