Dani Rodrik: Neoliberalism is dead—Here’s the new economic consensus that has replaced it
Dislocation is inevitable in a world of economic change. Until the 1990s, plenty of safeguards—job protections, trade restrictions, price controls and regulations that kept finance in check—limited the impact on workers and communities. For neoliberals, these safeguards were inefficiencies that had to be removed. They overlooked the economic and social distress that job losses arising from technological change, globalization or economic liberalization would produce.
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