Reading Response #3

In the first article Hackworth talks about neoliberalism and the opposing view of Keynesian economics, or theory. Neoliberalism is the belief that the government should have very little involvement in the economy and many aspects of people’s lives. Its sole role is to protect the rights and wishes of the people. Keynesian theory believes that the government should become involved in certain situations, such as economic failure. When it comes to housing, I agree with the neoliberalism approach. It is evident that affordable and public housing is in desperate need of government funding; however, recent New York City mayors have been doing a terrible job in coming up with an appropriate funding plan. DeBlasio’s plan is basically a revamped version of Bloomberg’s plan, which did not improve affordable housing at all. Also, NYCHA’s facilities are falling apart. Perhaps the government should allow the people and non-profits to come up with a plan.
Question: What exactly is neoconservatism? I didn’t understand that part of the article.

*The Wall Street Journal article required a subscription in order to read it.

Leave a Reply

Your email address will not be published. Required fields are marked *