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DBoon

(22,336 posts)
4. Neoliberalism was the response to the devastating victories of Reagan/Thatcher economics
Mon Dec 4, 2023, 06:35 PM
Dec 2023

Labour and New Deal policies born out of the great depression were seen to no longer resonate with the populace. The challenge for the electoral left was to acknowledge this while presenting a more humane alternative, rethinking what it meant to be a liberal. Clinton and Blair embodied this response.

We now have generations for whom Reagan and Thatcher are figures in history books, and who have seen the wealthy amass great wealth and power while workers' wages have stagnated.

Murphy is turning to a pre-New Deal anti-monopoly progressivism. I wish him luck.

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