Neoliberalism

I want to discuss about neo-liberalism but having matter of time.
So I post here my opinion and what I studied.

Here's some feature of neo liberalism
1. Regulation by Government should be minimize
2. Insist that reduce the power, function of Government and expanse of market economy, freedom
3. Insist selective welfare

And we should know about Keynesian economics too.
In contrary, Keynesian economics insist more regulation by Government

Todays, most of developed country adapted neo liberalism (except some Europe country)
Why? In 1980's, United states president Reagan insist neo liberalism policy.
because 70's oil shock that making people hungry and lose their job.
This policy called Reaganomics and succeed.
So like USA, many country adapted similar policy.
Many country where adapted this policy grow well with low unemployment rate and proper price.

As I tell, this policy looks really nice but it's not always.

In 2008, we faced subprime mortgage crisis by USA.
And this hit many country's economy.
Why this is happened? because a feature of neo liberalism that Minimized regulation.
Some aspect, this is good for economy but some people and company abused this for only their profit. but Government couldn't know about this abusing.
This crisis made a lot of jobless person.

So like the other policy, this have good and bad feature.
I think supplement to some weakness, neo liberalism should be more monitored by Government.