
Why Is This Happening? The Chris Hayes Podcast Joe Biden and the End of Reaganomics with Felicia Wong
Sep 20, 2022
AI Snips
Chapters
Transcript
Episode notes
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.
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.
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.
