英文摘要 |
This article examines the neo-liberal socio-economic development strategy and the subsequent problem of distribution. Since the 1980s, almost every country has adopted a new development strategy emphasizing neo-liberal economic liberalization and market openness. The strategy employs supply-side state intervention to foster a favorable investment environment for corporations to make profits and thus create economic growth. But the neo-liberal development pattern is excessively skewed toward capital and is incapable of producing sustained economic recovery and growth. It has also led the state to do little about the growing disparity between rich and poor, creating a crisis of political legitimacy. Finance capitalism in particular has produced short-term and unstable growth, pushing average domestic distribution inequality to levels not seen since 1820. This paper suggests urgent reforms must to be undertaken at both the global and national levels, including reform of international economic organizations and the operating patterns of finance capitalism. The state, businesses and civil society must all take part in these reforms for more equal and sustainable socio-economic development to be achieved in the future. |