The document discusses the political-economic philosophies of left-wing and right-wing ideologies and how they relate to education systems. It specifically focuses on neo-liberalism, which emphasizes individual freedom and equal opportunity over equitable outcomes. Neo-liberalism in the economy promotes market efficiency and competition with minimal state intervention. This neo-liberal ideology influenced New Zealand's education system in the 1970s, leading to decentralization and giving schools more autonomy through boards of trustees.