The Fall of Neoliberalism & The Rise of Authoritarianism | Global Macro 61
Join Alan Dunne in conversation with Gary Gerstle, Professor of American History at the University of Cambridge and author of "The Rise and Fall of The Neoliberal Order", as they delve into the shifting landscape of the global political order. From the decline of the New Deal Order to the ramifications of the Global Financial Crisis, Gary traces the trajectory of the Neoliberal Order and its impact on contemporary society. Exploring the nuances of Bidenomics, they analyse the sustainability of current fiscal and industrial policies amidst rising inequality and geopolitical tensions. Gary shares insights on the potential rise of authoritarianism worldwide, the implications of protectionism, and the prospect of increased antitrust activism in the US. Finally, they turn their attention to the upcoming US presidential elections, examining the contenders and the pivotal factors that could shape the outcome.
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Episode Summary
02:26 - Introduction to Garry Gerstle
05:50 - Understanding political order and neoliberalism
12:04 - How important are the economic principles in dismantling the neoliberal order?
20:06 - What will drive the new political order?
29:01 - How the West's approach to China has changed
36:19 - Do banks have too much power?
43:34 - Is the U.S deficit a constraint going forward?
47:24 - The 4 freedoms of neoliberalism
53:34 - The challenges of the technological evolution
01:02:16 - Thoughts on how the election might end up
Full episode can be found here:
toptradsersunplugged.com/gm61
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Пікірлер: 7
Great content! Thank you Alan and Gary
I believe democracy is the best system, but it only thrives in countries with smaller populations and significant wealth. The West managed to establish functioning democracies because they had a monopoly on raw resources and the strongest militaries. Essentially, they could afford democracy because they faced no external threats, being the ones imposing military and economic coercion on the rest of the world. Now that countries in the global south have more opportunities, Western nations have become more repressive and less supportive of free speech. While democracy is an ideal, it is morally flawed because it often requires one part of the world to remain in misery while the privileged few benefit.
It’s kind of outrageous to refer to Bolsonaro as authoritarian considering how Lula is as president of Brazil. Lots of great content though in this one.
Is it my impression or is the guest insinuating that the government is not big enough and that we need more regulation? 😂 Is that right? Good luck.
@bruceaulabaugh
27 күн бұрын
He's just explaining how he interprets the state of play, not how they should be.