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Shift To Neoliberalism

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A Shift to Neoliberalism
In the final four decades of the twentieth century, America in national politics and economics underwent a stupendous shift in national politics and economics. Culturally, the countercultural lifestyle and radical politics frequently embraced the offspring of the WWII generation who initiated a new cultural and ethnic pluralism that fought against social injustices. Economically, it shifted from an expansive welfare state to a neoliberal state when the government encouraged private investments. The state-centric system dominantly supervised the regulation of the U.S. economy, however, the rise of neoliberalism in the seventies and eighties enhanced the role of the private sector that widened the income gap between …show more content…

When America was an expansive welfare state, the increasing of income level allowed many families entered the middle class. Then the widespread of economic security empowered people to concern about social problems. Social activists advocated movements such as the black movement, the student movement, the anti-Vietnam War movement, the women’s movement, and the gay rights movement which served important purposes of defining American freedom, but the processes were long and difficult. For example, black women suffered racism and sexism, “We struggle together with Black men against racism, while we also struggle with Black men about sexism” (Combahee River Collective Statement, 2). They significantly represented many activists because they had both race and gender struggles. Since they were in an awkward position between two groups, it further oppressed them from obtaining social equality. Hence, they formed their own organization – the black feminism, which lately contributed the establishment of the Equal Rights Amendment. The establishment of such laws dramatically consolidated the prospective of American’s lives when they reclaimed social equality for minor Americans. These movements helped the growth in conservative popularity and allowed …show more content…

President Reagan was a conservative president who believed in freedom, deregulation, low tax, and more, so he proposed neoliberal policies that related to them. During his presidency, Reagan persuaded the reduction of the top tax rate while deregulated government the control over the market, the ideas of free market and social democracy emerged. Reagan stimulated private investments in the free market economy, yet his policies didn’t necessarily linked to social democracy but social inequality when “Deindustrialization and the decline of the labor movement had a particularly devastating impact on minority workers … Black workers, traditionally the last hired and first fired, were hard hit by economic changes” (Give Me Liberty!, 1052). Reagan successfully encouraged economic investments, yet the Reaganomics promoted deindustrialization in America when companies set up factories abroad. When American companies fired unionized workers, it resulted in nationwide unemployment that expanded the income gap between rich and poor. Neoliberal policies negatively influenced equality among different social classes and races because the unequal distribution of wealth made the urban poor, especially African Americans workers, to suffer in economic hardship. Even it was compelling that Reagan reversed the economic decline

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