skews13
Diamond Member
- Mar 18, 2017
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The Democratic Party is having an internal battle over the "small" and "large" infrastructure bills, but what's really at stake is the future of neoliberalism within the party. The smaller "bipartisan" bill represents the neoliberal worldview, including public-private partnerships and huge subsidies to for-profit companies, whereas the larger "reconciliation" Democratic Party-only bill hearkens back to the FDR/LBJ classic progressive way of doing things.
Milton Friedman began selling neoliberalism to America in the 1950s, and we fully bought into it in the 1980s. Most Americans had no idea, really, what this new political/economic ideology meant; they just knew it involved free trade, economic austerity, tax cuts, deregulation and privatization.
Milton Friedman began selling neoliberalism to America in the 1950s, and we fully bought into it in the 1980s. Most Americans had no idea, really, what this new political/economic ideology meant; they just knew it involved free trade, economic austerity, tax cuts, deregulation and privatization.
The crisis of neoliberalism: America arrives at one of historyâs great crossroads
Neoliberal economics have failed, and everyone knows it. But are the Democrats strong enough to seize the moment?
www.salon.com