Rise and Fall of the Neoliberal Order

In this book, Gary Gerstle examines America's recent history, focusing on the past forty years during which the nation embraced marketization, global economic integration, a harsh penal state, and increasing inequality.

Gerstle discusses how neoliberalism emerged in the 1970s and 1980s, dominated American politics in the 1990s and 2000s, and began to fracture during the 2010s with the rise of Donald Trump and Bernie Sanders.

He highlights the role of the Soviet Union's collapse in securing neoliberalism's triumph and analyzes how neoliberal policies, despite promising universal prosperity, failed to address economic inequality, leading to its eventual decline.