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Essay / Breaking the Impasse: Connecting Neoliberalism and Arthur Brooks' Call for Collaboration
Neoliberalism is a political reasoning that returns to the economic and political incarnation of classical liberalism and combines these ideas with practices of free trade, social policy control and monetarism (McCullough, 2017). It refers to the political and economic philosophy that minimizes and maximizes government involvement in the economy (Romkey, 2019). In this TED talk, “A Conservative’s Plea: Let’s Work Together.” Speaker Arthur Brooks talks about different ideas about what we as human beings can do to get out of an impasse (TED, 2016). He begins his speech by talking about his background, like where he comes from and what he does for a living. He then goes on to talk about the first time he saw poverty with his own eyes and wonders if it has gotten worse or better. Throughout this article, we will discuss the different ways that Brooks TED talks connect to different theories of neoliberalism. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essay Milton Friedman was known as an American economist and was known for his belief in free market capitalism (Kagan, 2018). In a quote he states: “The problem is not the magnitude of inequality, but the possibility of the individual moving out of the lower classes and into the upper classes. If there is enough upward movement, people will accept the efficiency of markets. If you have the opportunity, there is a lot of tolerance for inequality” (Romkey, 2019). What he means by this is that poverty serves a major objective of the capitalist system (Romkey, 2019). He believes that there are many obstacles to overcome in order to move from lower grades to higher grades. Many opportunities should be provided to people belonging to the lower classes to help them get back on their feet and move up on the scale. In the TED talk, Brooks talks about the two billion people who have been lifted out of poverty since he was a little boy. He goes on to list five reasons in total that made this possible: globalization, free trade, property rights, the rule of law, and entrepreneurship (Brooks, 2016). These five factors helped those who were stuck in poverty get back on their feet and these factors gave them the opportunity that Friedman mentioned humans needed to move from the lower classes to the upper classes. One of the strengths of neoliberalism is the importance of freedom. Theorists of this theory believe that every human individual should and deserves to enjoy the necessary freedom (Romkey, 2019). In this TED talk, Brooks continues that it is because of the obsession with poverty that comes economic freedom (Brooks, 2016). He mentions that we all need to come together and help people give them the freedom they deserve and lift them out of poverty. By lifting each of the two billion people out of poverty, it will help each of them have a better life and rise above the lower classes. Keep in mind: this is just a sample. Get a custom paper now from our expert writers.Get a custom essay So, Arthur Brooks teaches and gives advice on the different ways that every human being should do to help his peers around him. The different theories within the broader theory, neoliberalism, relate to the topics Brooks discusses in his TED talk to help explain the different problems people face around the world. He finishes his lecture..