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Discuss in great detail the role of neoliberalism in social

protection responses during COVID-19 pandemic

User McShaman
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Answer:

First we must understand our vocabulary in order to answer the question effectively.

Social protection is a system that helps poverty-stricken and vulnerable people with the coping of crises and shocks. It will make it slightly easier for them to find jobs, better investment ideals for education and health for those with children, and even protecting our elders.

Neoliberalism is the use of market-oriented reform policies that eliminate price controls, derestricts capital markets and lowers trading barriers, while also minimizing state influences in the economy.

Taking into consideration that COVID-19 was a world wide pandemic that caused a lot of demise, leading to many people losing there jobs, and ultimately a world wide lock-down, neoliberalism played a big role in helping many families, most specifically families in the inferior category. It minimized prices for food, allowed work from home jobs, advanced education for many individuals, and even made access to health providers slightly easier. It was a very positive affect while it was actually occurring. Although, we must also take into consideration the after math of neoliberalism in social protection. Evidently, inflation has risen in all aspect of living and job salaries have barely increased, if not at all. Food and basic house necessities have become harder to obtain. Bills, such as rent, water, and light have risen by more than $200. One bedroom apartment in the U.S cost around $2,000, maybe even more. Including, the difficulties of actually finding decent paying jobs nowadays. While yes, neoliberalism is a great benefit during an actual (world-wide) pandemic, the after effects are very present, ultimately putting us at a disadvantage.

User Jason Miesionczek
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