it is an ideology that provides the elites an excessive amount of power to do what they

want in expanding international trade and businesses. One key aspect of neoliberalism is
that it promotes deregulation to allow for a much easier flow of goods from one country
to another. This can hurt the country’s local businesses as it can easily introduce well-
known international companies that can dominate the local market due to consumer
bias. This, in turn, can prevent people into opening businesses of their own, leaving
space for international businesses to take and further burying any chance for existing
local businesses to have any competing chance against them.

Because it frees the elites from taxation, which they will surely invest back into their
businesses for the welfare of their employees and society.

Because it can hurt local businesses which globalization can permanently eradicate.

Because it can hurt the population because of the removal of a safety net for those in
need for the services and welfare provided by the government. Given that neoliberalism
puts an emphasis on having the freedom do whatever one wants with his/her own
money, who can say that these elites possessing money and power will replace the
services and welfare provided by the government? Not only that, but does this ideology
only help make the rich richer and poor poorer? Or even worse, more economically
disadvantaged? Probably with the exception of Elon Musk and a few unheard-of
philanthropists, I think the elites will replace these services, though only at exorbitant(?)
prices which in turn makes the rich richer and poor poorer.

Because of deregulation

Pricing
Environmental

Labor

Etc.

Definitions of neoliberalism

An ideology that seeks to transfer control of the economy from the gov’t to the private
sector. It pushed for governments to stay out of the economy and allow it to be a free
market, free from regulation, taxes and benefits and subsidies. It puts an emphasis on
the economic rights of an individual above all else or the freedom of an individual to do
whatever he wants with his money.

Neoliberals believe that competition improves businesses, which they can only
experience when the economy is free of regulation and government subsidies

Liberal commitment to individual liberty, a belief in the free market and opposition to
state intervention in it.