Neo-Liberalism and Global Capitalism

The Symbiosis of Global Capitalism, Neo-Liberalism, and Modern Economics

The spread of Economics in the 20th century globally led to Capitalism invading beyond the USA, Western Europe, and into Russia and Asia.

This prompted counter measures like Communism and Japanese Imperialism.

The victory of the Allies led to the establishment of Global Capitalism via Bretton Woods.

This created Neo-Liberalism and Modern Economics to support it.

Bretton Woods created situations that changed Neoclassical economics into Modern economics by the domiance of:

1. Keynesian Economics

This includes inflation targetting, open market operations and quantitative easing, public debt.

2. Corporate Dominance

Corporations were the economic tool to drive growth as mergers, acquisitions, and tech startups.

This also led to high valuations and bubbles.