The neoliberal ideas also got spread internationally and took on instrumental consensus such as: reducing public expenditure, lifting import barriers, allowing foreign direct investment, privatization, fair competition among public and private sectors, decreasing state control etc. (Hartwick & Peet, 2009, pp. 84-86). However, this school of thoughts is never free from criticism. Peet and Hartwick (2009) outlined the major counter arguments in their work. First, free market is nothing spontaneous but constant social and institutional constructions. In another word, free market is never free from government intervention. Second, neoliberalism has been idealistic in human voluntary observance of social laws, as competition may drive individuals to evil extremes for self-interest. Third, price system hides more content of commodity production rather than reveal its true worth, e.g. the labor and capital investment, social and environmental cost, and long-term consequences. Fourth, the free market competition benefits the rich/the elite while put the poor into dire conditions. Last but not least, the unified neoliberalism propaganda serves for the capitalist system and neglect other
The neoliberal ideas also got spread internationally and took on instrumental consensus such as: reducing public expenditure, lifting import barriers, allowing foreign direct investment, privatization, fair competition among public and private sectors, decreasing state control etc. (Hartwick & Peet, 2009, pp. 84-86). However, this school of thoughts is never free from criticism. Peet and Hartwick (2009) outlined the major counter arguments in their work. First, free market is nothing spontaneous but constant social and institutional constructions. In another word, free market is never free from government intervention. Second, neoliberalism has been idealistic in human voluntary observance of social laws, as competition may drive individuals to evil extremes for self-interest. Third, price system hides more content of commodity production rather than reveal its true worth, e.g. the labor and capital investment, social and environmental cost, and long-term consequences. Fourth, the free market competition benefits the rich/the elite while put the poor into dire conditions. Last but not least, the unified neoliberalism propaganda serves for the capitalist system and neglect other