What is ‘neoliberalism’ and ‘corporatisation’?

Question

Edit: What are pros and cons?

In: 5

Answer 1

Neoliberalism is a political philosophy that favors things like free-market capitalism, deregulation, free trade, globalization, and privatization. As far as pros go, a neoliberal would tell you that these policies lead to lower costs for goods and a higher standard of living. For the cons, an opponent of neoliberal policies would say that they are harmful to workers and the poor.