Essay on the Flaws with Market Liberalism Approach to Social Policy
Karl Marx and Marxist thinking has traditionally focused on inherent beliefs that capitalism and markets are insufficient means of establishing value. Hence, a monetary value placed on a particular good or service may not necessarily justify the innate value and usage to society. In the area of social policy, it can be argued that services provided are not necessarily measurable in monetary terms. A service offered may be necessary in society (healthcare provision, education etc.), yet not commercially attractive to provide.
