We find ourselves in a strange ideological moment. Critics of neoliberalism are everywhere, and yet the case for a renewed neoliberalism grows stronger by the day.
To its critics, neoliberalism is a dead ideology. It exalts the free market, prioritizes growth over reducing inequality, and is skeptical about efforts to shape the economy. Faced with intensified great-power competition, climate risk, aging demographics, and myriad other challenges, a rising generation of “post-neoliberals” on the Left and the Right insist that we need a new paradigm—one that consents to a more active role for the state in our economy.
Until recently, such ideas were mostly limited to outlier activists, politicians, and thinkers. Yet recent years have seen “post-neoliberalism” shift closer to the centre of the policy debate . . .
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