Say It Loud, Say It Proud, I’m a Neoliberal
Critics equate "neoliberalism" with market fundamentalism and dumbed-down economics. What nonsense.
The OG’s of neoliberalism.
Photographer: Sharon Farmer/White House/Consolidated News Pictures/Getty Images
At least in the US, reports of the death of neoliberalism aren’t much exaggerated. A startling consensus has emerged, uniting President Joe Biden and his admirers, MAGA Republicans and a good part of the highly credentialed economics community behind repudiation of “free markets” and in support of mid-20th century statism. The future, it seems, is all about managed trade and industrial policy. Markets are wicked and governments know best.
Perhaps that’s a caricature of the post-neoliberal worldview. But not by much, I’d argue. At any rate it’s more accurate than the cartoon that defenders of the new orthodoxy are lampooning.