Almost all the characteristics of neo-liberal capitalism are disinflationary
To increase the return on equity for shareholders, neo-liberal capitalism uses: A skewing of income distribution at the expense of employees, due to employees' loss of bargaining power; Globalisation and offshoring; Tax competition between countries; Strong investment in fossil fuels; Corporate concentration and monopoly rents. While the fifth and last characteristic is inflationary, the first four, which dominate , are disinflationary. Neo-liberal capitalism therefore generates low inflation, which also enables it to benefit from the wealth accumulation that follows the low interest rates made possible by low inflation. A return of inflation would therefore be associated with an end to neo-liberal capitalism.