An Analysis of the Anti-socialist Nature of Neo-liberalism

Abstract

ABSTRACTNeo-liberalism, the intellectual child of Friedrich von Hayek, has represented an anti-historical trend ever since its beginnings in the 1920s and 1930s. Espousing privatization, marketization and liberalization as their core ideas, the members of the Hayek group have consistently advocated against socialism. Since the 1980s, neo-liberalism has been transformed into a theoretical weapon of US and British international monopoly finance capital as the latter has sought to impose its global hegemony, stifling socialist movements in capitalist countries and promoting the peaceful evolution of the socialist countries toward capitalism. For more than 30 years, the Western countries have never stopped using neo-liberalism as they attempt to disrupt and misdirect China’s reform and opening up. We must continue to study and criticize neo-liberalism in depth, and must ensure the healthy development of China’s reform, opening up and modernization along the road of socialism with Chinese characteristics.