Neo-liberalism is political reasoning that returns to the economic and political epitome of classical liberalism and matches these ideas with practices of free trade, control and monetarism (McCullough, 2017). It refers to the political-economic philosophy that de-emphasizes 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 humans can do to break a stalemate (TED, 2016). He begins his speech by talking about his background, such as where he is 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 had gotten worse and better. This article will discuss the different ways in which Brooks' TED talks connect to different theories of neoliberalism. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay Milton Friedman was known as an American economist and was known to believe in free market capitalism (Kagan, 2018). In one quote he states: “The problem is not how much inequality there is, but how many opportunities there are for the individual to leave the lower classes and enter the higher ones. If there is enough upward movement, people will accept the efficiency of markets. If you have the opportunity, there is great tolerance for inequality” (Romkey, 2019). What he means by this is that poverty serves an important purpose in the capitalist system (Romkey, 2019). He believes there are many obstacles to overcome in moving from the lower classes to the upper classes. There should be plenty of opportunities available for people from the lower classes to help themselves get back on their feet and move on the scales. In the TED talk, Brooks talks about the two billion people who have risen out of poverty since he was just a kid. He goes on to list a total of five reasons that made this possible: globalization, free trade, property rights, rule of law, and entrepreneurship (Brooks, 2016). These five factors helped those stuck in poverty to get back on their feet and gave them the opportunity that Friedman talked about that human beings need to move from the lower classes to the higher ones. One of the strengths of neoliberalism is its importance in terms of freedom. Theorists of this theory believe that every single human individual should and deserves to have the freedom they need (Romkey, 2019). In this TED talk, Brooks insists that because of the obsession with poverty, economic freedom comes with it (Brooks, 2016). It mentions how 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, this will help each of them to have a better life and move out of the poorest classes. Please note: this is just an example. Get a custom paper from our expert writers now. Get a Custom Essay Therefore, Arthur Brooks teaches and gives advice on the different ways that every human being should do to help our peers around him. The different theories within the larger theory, neoliberalism, connect to the topics Brooks discusses in his TED talk to help explain the different problems people around the world are going through. He concludes his TED talk by giving advice on several activities that need to be done to bring those from the lower classes to the higher classes and give them the life they deserve and the struggles to push them away..
tags