Why Is This Happening? The Chris Hayes Podcast

Joe Biden and the End of Reaganomics with Felicia Wong

Sep 20, 2022
Ask episode
AI Snips
Chapters
Transcript
Episode notes
INSIGHT

Market Fundamentalism As A Reaction To Chaos

  • Neoliberalism arose as a promise of calm amid 1970s economic and cultural chaos.
  • It pushed markets to govern many decisions and reduced government's active role in the economy.
INSIGHT

Centrist Constraints Shaped Democratic Policy

  • Democrats adopted many neoliberal frames across Clinton and Obama eras, limiting bold government action.
  • Concerns about deficits and political feasibility constrained large-scale rescue spending.
ANECDOTE

Trump’s Populist Reframing Of Globalization

  • Donald Trump repurposed left critiques of globalization into a populist right platform attacking trade and elites.
  • That attack further fractured the neoliberal consensus politically.
Get the Snipd Podcast app to discover more snips from this episode
Get the app