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The harvest of neoliberalism in Latin America

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Chapter Summary

The cumulative social impact resulting from the application of neoliberal policies in the region is what the author refers to here as the "Harvest of Neoliberalism". Following a synoptic discussion of the core premises of neoliberalism, this chapter discusses the principle tendencies of what in the author's judgement consists of the harvest of neoliberal policies in Latin America. The neoliberal worldview can be characterised by its individualistic, utilitarian and a historical vision of economy and society. It begins with the premise that freedom of choice and the rational calculation of economic actors, be they producers or consumers, is the underlying principle underlying human behaviour. The chapter explains some of the key social tendencies that have become established in Latin America up to and into the twilight of neoliberalism.

Keywords: downward social mobility; job insecurity; Latin America; neoliberalism; poverty; social impact; underemployment; unemployment; unequal society



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