Some of the prevailing social and economic problems in America are attributed to the neoliberalism in the country. This paper suggests that neoliberalism in America is the cause of 2008 financial crises, inequality, the detrimental situation for workers and the economic growth, reduced social welfare, and aggravated crime.
Economic Impact
One of the major economic impacts of the neoliberalism in America is the 2008 financial crises. Among the other white collar crimes associated to the neoliberalism, financial crime is another nightmare attributed to the introduction of the free market. According to Burton (10), various studies have indicated that the neoliberalism in ...
