Description
Book Synopsis: The most sweeping account of how neoliberalism came to dominate American politics for nearly a half century before crashing against the forces of Trumpism on the right and a new progressivism on the left. The epochal shift toward neoliberalism--a web of related policies that, broadly speaking, reduced the footprint of government in society and reassigned economic power to private market forces--that began in the United States and Great Britain in the late 1970s fundamentally changed the world. Today, the word "neoliberal" is often used to condemn a broad swath of policies, from prizing free market principles over people to advancing privatization programs in developing nations around the world.
To be sure, neoliberalism has contributed to a number of alarming trends, not least of which has been a massive growth in income inequality. Yet as the eminent historian Gary Gerstle argues in The Rise and Fall of the Neoliberal Order, these indictments fail to reckon with the full contours of what neoliberalism was and why its worldview had such persuasive hold on both the right and the left for three decades. As he shows, the neoliberal order that emerged in America in the 1970s fused ideas of deregulation with personal freedoms, open borders with cosmopolitanism, and globalization with the promise of increased prosperity for all. Along with tracing how this worldview emerged in America and grew to dominate the world, Gerstle explores the previously unrecognized extent to which its triumph was facilitated by the collapse of the Soviet Union and its communist allies. He is also the first to chart the story of the neoliberal order's fall, originating in the failed reconstruction of Iraq and Great Recession of the Bush years and culminating in the rise of Trump and a reinvigorated Bernie Sanders-led American left in the 2010s.
An indispensable and sweeping re-interpretation of the last fifty years, this book illuminates how the ideology of neoliberalism became so infused in the daily life of an era, while probing what remains of that ideology and its political programs as America enters an uncertain future.
Details
Discover the untold story behind the rise and fall of the neoliberal order with "The Rise and Fall of the Neoliberal Order: America and the World in the Free Market Era". This groundbreaking book offers a sweeping and comprehensive account of how neoliberalism came to dominate American politics, only to clash against the forces of Trumpism and a new wave of progressivism.
Neoliberalism, a policy that favored reducing government intervention and giving economic power to private market forces, fundamentally changed our world. From prioritizing free market principles to promoting privatization programs, the influence of neoliberalism cannot be underestimated. In "The Rise and Fall of the Neoliberal Order," renowned historian Gary Gerstle presents a compelling argument, shedding light on why this worldview captivated both the right and the left for three decades.
Despite its criticisms, neoliberalism undeniably played a role in income inequality. Gerstle, however, goes beyond this single issue and explores the full picture of what neoliberalism truly was. By delving into its origins, he uncovers how the neoliberal order seamlessly blended ideas of deregulation, personal freedoms, open borders, and globalization with promises of prosperity for all.
In this mesmerizing book, readers also learn about the pivotal role the collapse of the Soviet Union and its communist allies played in facilitating the triumph of the neoliberal order. They will trace the fall of this ideology, witnessing its failures in post-war Iraq and the Great Recession during the Bush years. Finally, Gerstle brings us to the present day, examining the rise of Trump and the resurgence of a Bernie Sanders-led American left.
Don't miss out on this indispensable re-interpretation of the last fifty years. "The Rise and Fall of the Neoliberal Order" not only sheds light on how this ideology shaped an era, but also explores the remnants of neoliberalism and its political programs as America enters an uncertain future. Dive into this captivating journey and gain a deeper understanding of the world we live in.
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