The rise of neoliberalism has eroded social safety nets and workers' rights from "summary" of Profit Over People by Noam Chomsky
Neoliberalism has emerged as the dominant economic ideology of our time, shaped by a fervent belief in the virtues of the free market. This ideology has led to a series of policies that prioritize corporate profits over the well-being of people. As a result, social safety nets that once protected vulnerable members of society have been systematically dismantled. Workers' rights have also been eroded under the neoliberal agenda. The push for deregulation and privatization has weakened labor unions and undermined collective bargaining power. This has left workers at the mercy of employers who prioritize profits above all else. As a result, wages have stagnated, job security has diminished, and working conditions have deteriorated. The neoliberal assault on social safety nets and workers' rights has had profound consequences for society as a whole. Economic inequality has soared to unprecedented levels, with a small elite amassing vast wealth while the majority struggle to make ends meet. The erosion of social safety nets has left many people without access to essential services such as healthcare, education, and housing. Meanwhile, the erosion of workers' rights has created a precarious and insecure labor market, where job stability is a luxury reserved for the few. This has fueled a sense of anxiety and disillusionment among workers, who feel increasingly powerless in the face of corporate dominance. As neoliberalism continues to entrench itself in global economic systems, the erosion of social safety nets and workers' rights shows no signs of abating.
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