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Neoliberalism is a political and economic philosophy that is based on the principles of free-market economics, individualism and the deregulation of the economy. It has been a major influence on global economic policies since the 1980s and has been used by governments around the world to pursue deregulation, privatization and trade liberalization. This has had a major impact on the global economy, including increased income inequality and the rise of corporate power. Neoliberalism has been criticized for its negative consequences on workers and the environment, as well as its role in creating economic insecurity for many people. In this section, we cover the latest news and articles about neoliberalism, as well as videos and other multimedia content related to the topic.
David Leonhardt has a NYT piece on the “new centrism”, which he calls neopopulism. Politicians in both parties increasingly embrace ideas like protectionism and subsidies for manufacturing. These policies are supposedly necessary because neoliberalism has failed: The new centrism is a response to these developments. It is a recognition that neoliberalism failed to deliver. The […]
Brad DeLong (in a recent post summarising a joint podcast with Noah Smith) walks back his previous suggestion that it was time for neoliberals, among whom he had numbered himself, to pass the baton to “the Left”. The political basis for this is that 20 or so Senate Republicans have been willing to pass legislation…
Referring back to this 2002 post defining “neoliberalism”, I find the claim that the “The (UK) Conservative party is hovering on the edge of extinction”. That wasn’t one of my more accurate assessments, and I’m bearing it in mind when I look at suggestions that the party is now “facing a defeat so dramatic it…
TweetAllison Schrager defends “neoliberalism.” (HT Arnold Kling) A slice: At the Manhattan Institute conference last week, I explained how the new consensus operates under the assumption that there are no trade-offs or costs to their favored policies. It seems to assume that debt is costless, less trade makes us stronger, and industrial policy does not […]
Janan Ganesh is probably my favorite news commentator. In a recent column, he pushes back at the widespread belief that the global rise of the hard right is a reaction to neoliberalism: Rightwing populism is ascendant in France, which might be the least economically liberal country in the rich world. Government spending there accounts for […]
TweetHere’s a note to a fan of American Compass: Mr. S__: Thanks for sending Sergei Korol’s piece at American Compass. As with the other pieces published by American Compass that you share with me, I am – unlike you – unimpressed (save for his skill at using nearly every cliché – such as “neoliberalism” and […]
And it’s worth asking: Is it true that since 1974, policy debate in the United States has been dominated by a “growth-at-all-costs” brand of “free-market fundamentalism”? I don’t think that actually is true. Technically, the biggest pieces of environmental legislation passed just outside that window — the Clean Air Act in 1970, the Clean Water […]