• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

How has Market Liberalism shaped our culture and society?

Extracts from this document...


How has Market Liberalism shaped our culture and society? Do you think the principles of the free market have led to a better society or do its Marxist critics make valid arguments? Market Liberalism is a concept developed by Capitalists that the market should be free. We, as individuals, should buy and sell what we want and have plenty of choice; our wages, taxes and prices of objects are not under any government control (laissez-faire). This is in opposition to the communist approach of how the market should be structured. The term 'Culture' has many different meanings and interpretations; the view of Matthew Arnold and F.R Leavis among others is an elitist perspective that only things that have 'stood the test of time' is real culture, for example fine art. However this view is a minority. Raymond Williams believes that 'culture is ordinary' and includes everything in day to day life. ...read more.


They believe that market liberalism makes us passive recipients to the hegemonic structure. They think that we only gain an illusion of liberation when really we are repressed to what those in power want us to think and buy. A weakness of what Marxists favour, command economics (state ownership of all resources) is that overall citizens have a lower quality of life because the standard of the goods produced are poor. Most communist societies now favour at least some elements of the mixed economy however still maintain supplying free basic human needs. A market liberalist would ignore the fact that some people do not benefit from a competitive society, market economies generally have a higher average income but there is a big gap between the rich and the poor. They may claim that the world is competitive and to get anywhere we have to better ourselves to get to the top. ...read more.


This could cause a monopoly effect which would lead to free market failure. Microsoft is an example of a company who gained monopoly over the computing operating systems market. Many market liberalists support the idea of globalisation; they wouldn't be against the idea of a global monopoly. I personally believe that a mixed economy is the best way to structure our market because I think it is important that we have some degree of freedom in what we buy but also that the government should help to provide basic human needs through taxation. Looking at UK politics we can see that many parties are in favour of the free market and capitalistic approach, it didn't always stand like this with the labour party being far more left-wing than it is now. The conservative party has always stood out on the right however through time has made a slight movement towards the centre, this means they accept that a free market is an important part of society however complete capitalism is restricting. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level Miscellaneous section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level Miscellaneous essays

  1. crime and its effects on society

    The witness service can arrange to make the witness feel safer: * They could put screens between the witness and the accused so that they can not see each other. * You could give evidence through a TV link. * Or you could also give evidence privately.

  2. Customer experience management in UK higher education

    Involvement, commitment and follow-up of top management; 3. Technology selection with this deal; 4. Technology must meet specific business needs; 5. Understanding how the functions are carried out and understand the overall architecture of the system; 6. Support and training to users; 7. Competence multidisciplinary project team; 8.

  1. Brand Building and Loyalty in Emerging Economics

    In general, if the buyer thinks about a country's financial prospects, the buyer may not have resolved to change the buying habits and will expand again to buy the favourite brand that is full of hope. However, if the buyer feels that the country's fiscal outlook is fine, she/he may

  2. Contemporary Construction - Economics and Finance

    Problems with the Allocation of Scarce Resources As earlier stated, the 2012 Olympics will induce a high demand with resources, therefore resulting to a higher chance of scarcity. As a result, resources must be allocated carefully and properly. 1.

  1. san juan culture

    In Puerto Rico called the small world craftsmanship Las Casa Blanca- Built in 1521, this building served as residence of Ponce de Leon for over 250 years. Today it is a museum of the history of the sixteenth, seventeenth and eighteenth Taino artifacts.

  2. The European Travel Market

    13 villages, spread over 4 areas: Briancon, Chantemerle, Villeneuve la Salle and le Monetier les Bains, at the gates of the Ecrins National Park. There are great Skiing opportunities in a high mountain atmosphere and peaceful skiing in the m�l�zes woods.

  1. Media in society

    Advertising there are vast amounts of advertising within the tabloid, for example, there are approximately 40-60% of adverts for mobile phones, sofas, holidays, and groceries. Some adverts take up all of the column inches within a page. Again they offer colourful and bold styles, offering "bargain" status.

  2. Communication in todays society

    If we run our own business, communication skills are even more important - because we have to handle many of the activities listed above by ourself. But these are just some of our work-related communications. We also need personal communication skills to enhance our relationships with friends, significant others, family,

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work