Neo-Liberalism

The final topic we have started exploring leading up to this second midterm is the significance of money; more specifically, the relationships between the policies and practices of neoliberalism and the practices of STEM.

First, please provide a brief definition of neoliberalism What are some of the central guiding assumptions of neoliberalism as a political-economic approach?

Next, please consider the arguments of proponents and critics of neoliberalism. According to proponents, what are some of the strengths or potentials of neoliberalism as a political-economic system?
Conversely, according to critics, what are some of the limitations or problems of neoliberalism as a political-economic system?

Finally, please reflect upon how neoliberalism directly and/or indirectly relates to STEM.
To you estimation, is neoliberalism as a set of political-economic ideas and practices helpful or detrimental with respect to the study and practice of STEM?