Neoliberalism, as we know, is an evolving theory from traditional liberalism. Since traditional liberalism ‘defeat’ to realism in the Great Debate, neoliberalism emerged as new form of liberalism that upholds basic perspective as well as traditional liberalism is, with differences in several sectors. Theoretically, there are four variants of neoliberalism, namely commercial liberalism, republican liberalism, sociological liberalism, and liberal institutionalism, but in practice, people commonly generalized them as neoliberalism.
As the evolved theory of liberalism, theoretically neoliberalism is about making trade between nations easier than it used to be in the old times. Neoliberalism focuses about freer movement of goods, resources and enterprises in a bid to always find cheaper resources, to maximize profits and efficiency. In order to achieve the goals and maximum result, neoliberalism requires the removal of various controls, such as tariffs, regulations, certain laws, and several restrictions.
Privatization, one of the neoliberalism most prominent traits comes with both positive and negative consequences. Labors’ performance will be monitored by private corporations, resulted in higher quality of products and services, and besides, the quality will be more stable. But overall, privatization, that means escape from government intervention and monitor, has more negative consequences to a state, such as enrich the capitalists, worsen the gap between the rich and the