The Crisis of International Capitalist Economy and Its Impact on U.S. Administran's Orientations

This article studies one of the most influential factors in U.S. administration’s, policy-making, that is the crisis of international capitalist economy. Since the 1980s because of declining productivity rate, the capitalist system has experienced a new crisis. Under these
circumstances, decreasing wages was a priority for American capitalist class, and the Reagan and Bush administrations tried to increase their interests by decreasing welfare expenditures. But the administrations failed to reach their economic aims and could not
overcome economic stagnation. This article demonstrates that the Bush and Reagan administrations rightist policies were motivated by new crises in U.S. economy. They began to decrease state welfare expenditures and attempted to meet capitalists priorities in new economic condition by creating economic discipline.