Tuesday, January 09, 2018

"To Understand Neoliberalism, You Need to Understand Where It Came From"

"From the late 1980s to 2016, neoliberal ideas held hegemonic sway among the Democratic elite. But the economy created by this ideology—and the ensuing crises—is a major reason why Clinton lost to Trump and the party is completely out of power today. This obvious failure has provided an ideological opening that the American left has been eager to fill.
"Yet even the left-wing is divided about the best way forward. Should it follow Elizabeth Warren's lead and promise a return to the trust-busting ways of the early 20th century? Or should it emulate the more sweeping, Nordic-style politics of Bernie Sanders? Or perhaps the Democratic Socialists of America are right and something even more extreme is needed."

Ryan Cooper at The Week starts a series to "address each of these factions in the Democratic Party, reckoning with their failures and analyzing their potential to transform the country." First up: neoliberalism.

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