2016 | OriginalPaper | Chapter
The Myth of Progress
Author : Keri Day
Published in: Religious Resistance to Neoliberalism
Publisher: Palgrave Macmillan US
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Free-market ideology is lauded around the world, as it is equated with the linear movement toward progress. However, some economists such as Amartya Sen and Joseph Stiglitz offer stinging indictments of how global financial institutions hinder economic and human development through unregulated or under-regulated “free” market models. Similarly, feminist political philosophers, such as Martha Nussbaum, also expose the exacerbation of inequities, especially among poor women and children, due to unfettered market forces. There has been minimal literature on religious critiques of neoliberal economy, and particularly, its “myth of progress.” There needs to be an intervention here.