Neoliberalism is a new phase of capitalism which was asserted at the beginning of the 1980s. Considering its more general features as in the United States and Europe, it can be characterized by: a more favorable dynamic of technical change and profitability, the creation of income flows to the benefit of the most accommodated classes of the population, and diminished rates of accumulation. A central feature of imperialism in the neoliberal era is U.S. hegemony, a country which is draining huge flows of income from the rest of the world. This domination is, however, undermined by increasing external disequilibria, the expression of an extraordinary wave of consumption from households.
Neoliberalism; Imperialism; Profitability; Hegemony; External disequilibria
