Log 2.8 Homework: What is Neoliberalism?

1) Go to: http://barstowsworldhistory.wikispaces.com/What+is+Neoliberalism%3F+ to complete
the first part of your assignment. If you feel stuck, look at the handout I gave you in class that has the three major economic perspectives on the front (with the pictures of the knights/dragons, etc).

2) First watch the video where Milton Friedman discusses “greed” or the profit motive of capitalism and his belief about the ability of government to regulate. http://www.youtube.com/watch?v=RWsx1X8PV_A

Then answer the following questions:

a. What does Friedman think about the “greed” motive?

b. What does Friedman think about the ability of the government to regulate capitalism?

c. In this video Friedman implies that political self interest is not nobler than economic self interest. Do you agree or disagree?