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[...] Even in the "golden age" [...] the rate of profit was actually declining in the US. But "business sentiment" remained high until the late 1960s, as did the rate of investment, which suppressed the effect of falling profits.

[...] only an understanding of dynamics behind the 1970s crisis of capitalism can make sense of what has happened since in the realm of finance capital. We must reject the popular idea that the rise of finance (or any other economic change of the 1970s) is an unprecedented restructuring of innovati…

[...] Neoliberalism is not just about getting rid of rules, or "deregulation." Removing tariffs, capital controls, currency pegs, restrictions on foreign ownership, and so forth are all essential elements of neoliberal regulatory programs, abolishing rules that limit firms' opportunity to maximize …

1. Liberalization (drop tariffs, subsidies, capital controls, export restrictins, etc.)
2. Privatization (sell state holdings, which in many cases are substantial)
3. Stabilization (allow currency to float at its "natural" [usually lower] exchange rate)

As this outline of the neoliberal policy…

[...] during the crisis that led to the Volcker coup [...], US interest rates skyrocketed, and other nations had to follow suit, just to prevent international finance from dropping their currencies and bonds in favor of those of the US--and in the process killing non-US exchange rates and economies…