NEO-LIBERAL POLICIES AND ENVIRONMENTAL UPHEAVAL: AN ANALYSIS OF SUBSEQUENT SOCIAL AND ECONOMIC DETERIORATION

Abstract

The most dangerous exitential threat for life today is not the nuclear war but the global warming and subsequent climate change. There are numerous reasons for this calamity but the prime one (greater in intensity than the population explosion) is, nevertheless, neo-liberal economy and its lethal policies. This paper intends to establish the thesis that the neo-liberal economic policies are the chief cause of the major environmental disaster which has threatened every type of life on the earth. These policies are based on globalization, free-market economy, privatization and de-regurlarization. This envrionmental degradation, in turn, has far reaching adverse effects on social and economic life of people . This paper covers thoroughly the framework of neo-liberalism and its policies alongwith their deadly and hazarduous effects on the environment which are hodtile to the social, cultural and economic life of the large chunks of population. The methodolgy used is qualitatative and analytic. The research theories employed are “Grounded Theory”and “ Conflict Theory”.Every argument has been supported with the evidence and it not based on any sort of personal dislikng or bias since neo-liberal economy has its positive side too. However, its benefits draw heavy toll from the environment and life. In the end it has been concluded that neo-liberal economy has a direct link with climate disater of the earth and degradingaton of environment. It has promoted the consumer cultue and thus has caused serious social, cultural, economic and psychological damages to society.