Neoliberalism And Its Impact On Social Work Practice

Neoliberalism began in the 1970’s and 1980’s after advocates supported the economic liberalization policies such as the rule of the market, cutting public expenditure for social services, deregulation, privatization, and eliminating the concept of the public good. Neoliberalism has had a significant affect on social work practice over the decades. There are strategies social workers as well as individuals can use to challenge neoliberalism. The rule of the market by liberating free enterprise or private enterprise resulted in greater openness to international trade and investment. Additionally, the rule of the market meant reducing wages by deunionizing workers and eliminating worker’s rights that had been won over many years. It also meant no more price control and the total freedom of movement for capital, goods, and services (Nylund, 2016). People were convinced that having an unregulated market was the best way to increase economic growth, which would ultimately benefit everyone. Although, the rule of the market was meant to have money â€Å"trickle-down† to the poor, it did not truly benefit the people at the bottom. The very wealthy would often keep the money they were making instead of letting it trickle down. To illustrate, the after-tax incomes in the U.S. between 1979 and 2006 rose by 256% for the top 1% of households, while they rose 21% for the middle fifth of households and 11% for the bottom fifth of households (Finn, Nybell Shook, 2010). This means that theShow MoreRelatedAdult Education Throughout Changing Times By Marion Bowl1366 Words   |  6 Pagesas global trends of neoliberalism. The book encapsulates the changing of the philosophies, policies and career within the domain of adult education over the past 40 years in England as well as in New Zealand. The new economic policies or neoliberalism discourses have been impacted on adult educators whether in their principles, work, or either career expectations. 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