Practice And Adjustment Of The Neo-liberal Policies In The United States

In the 1970s,the western developed countries fell into stagflation,Keynesianism could not deal with the problem,in this context,neo-liberalism began to rise. Neo-liberalism met with the development of capitalism at that time and brought the western developed countries out of stagflation,from that time on,neo-liberalism rapidly spread over the world,United States,IMF,WB,WTO are the primary promoters of neo-liberalism.After 1980s, neo-liberalism began dominating in United States and British and other western developed countries,through privatization,social welfare reduction,tax reduction and financial liberalization neo-liberalism brought social polarization,bubble economy and overproduction.In recent decades,the financial crisis broke out frequently and it did harm to the development of economy and the stability of society,there was a lot of evidence showed the spread of neo-liberalism was concerned with the outbreaks of financial crises,by analyzing the relation of neo-liberalism and the financial crisis of United States we also got this conclusion.Chapter one introduces the background and significance of this research.Chapter two introduces definition and its main content of neo-liberalism.Chapter three introduces the practice and characteristic of neo-liberalism in United States. Chapter four analyzes the relationship between neo-liberalism and the financial crisis of United States.Chapter five analyzes the adjustment of neo-liberalism in United States after the financial crisis.Chapter six is conclusion.There are primarily two research purpose of this paper,firstly,through analyzing the relationship between neo-liberalism and the financial crisis of United States we gets the conclusion that neo-liberalism is the instrument of international monopoly capital;secondly,through analyzing the adjustment of neo-liberalism in United States after the outbreak of financial crisis we have predicted the destiny of neo-liberalism.The outbreak of financial crisis in United States has impaired neo-liberalism,yet neo-liberalism has strong self-repairing ability,international monopoly capital brings neo-liberalism back to life through the adjustment of neo-liberalism,we can get the conclusion through studying the adjustment of neo-liberalism in United States after the outbreak of financial crisis, this paper infers that neo-liberalism era is still far from over, yet the adjustment of neo-liberalism by international monopoly capital cannot change the destiny of neo-liberalism,it will decline accompanied the decline of the dollar hegemony.