The State in the Neoliberal Economy and Problems of Modern Society
The State in the Neoliberal Economy and Problems of Modern Society

Author(s): Nenad D. Dugalić
Subject(s): Social Sciences, Economy
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Government; Neoliberal economy; Consumption; Pandemic
Summary/Abstract: Neoliberalism rejects a society based on tradition, encourages the weakening of state institutions and especially undermines the system of social protection through poorly implemented privatization and thus creates ideal conditions for international corporations to acquire huge capital. This leads to the fact that the state and state bodies can no longer perform their role of regulators on the national market, but practically serve the interests of large international corporations. In recent years, modern society has witnessed the expansion of global crises manifested through climate changes, the imbalance of the global economy and other inequalities, which ultimately through economic poverty leads to an explosion in nature that manifests itself in global pandemics such as this one today. All this requires a special approach and the development of longterm strategies in order to avoid such crises in the future or at least reduce them to the level of tolerability.

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