Question

It is widely known that there is an imbalance in the share of profits and profits that the new liberalism has created, and this is an important political issue.

Answer 1

Step-by-step explanation:

Here are some effects of neoliberalism, a political ideology that posits that reducing state interventions in economic and social activities can liberate the potential of capitalism:

Increased poverty, unemployment, and deterioration of income distribution

Cost to democratic legitimacy

Harmful socioeconomic consequences

Neoliberalism has also been described as a major world religion

Neoliberals argue that their defense of capitalism does not necessitate profit seeking as a way of life. Liberalism is a political and moral philosophy based on the rights of the individual, liberty, consent of the governed, political equality, right to private property, and equality before the law.