The winners and losers from neoliberal capitalism: A complex situation in reality

A simplistic view of neoliberal capitalism, that it is good for corporate shareholders and bad for wage earners, is often put forward. But the reality is more complex. Neoliberal capitalism has skewed income distribution against wage earners and led to offshoring. This has resulted in low wage growth, low price growth, a sharp decline in interest rates and rising asset prices. We then see that there are four winners from neoliberal capitalism: shareholders of course, but also consumers, borrowers and asset owners. These four winners constitute a powerful bloc at the expense of the losers , who are wage earners: neoliberal capitalism is still solid.