The Agenda

The Neoliberal Revolution That Wasn’t

Critics of neoliberalism often claim that because the affluent market democracies flourished during the economic Golden Age of the 1950s and 1960s, we would have been better served in the post-1973 era by pursuing the dirigiste economic policies that prevailed in the postwar era. Scott Sumner has replied by noting that while growth slowed down across the affluent market democracies in the post-1973 era, states that embraced neoliberal reform fared better than others. And now Kindred Winecoff has introduced a new argument – that to understand the alternative to embracing neoliberalism, it is instructive to consider the economic experience of Japan, which has resisted the market-oriented reforms of labor markets, the retail sector, and financial services that were so central to the neoliberal revolution.

Reihan Salam is president of the Manhattan Institute and a contributing editor of National Review.

Most Popular

U.S.

Women’s Sports Should Be Women’s Sports

Transgender sports policies make a mockery of women’s competition. Just look at the state of Connecticut. At the 2018 state open for women’s track and field, two young men identifying as transgender took first and second place in the 100m race. Their participation not only deprived young women of their ... Read More
U.S.

Women’s Sports Should Be Women’s Sports

Transgender sports policies make a mockery of women’s competition. Just look at the state of Connecticut. At the 2018 state open for women’s track and field, two young men identifying as transgender took first and second place in the 100m race. Their participation not only deprived young women of their ... Read More
Elections

Bernie’s Houses

Mike Bloomberg scored a hit -- a palpable hit -- in the debate this week when he pointed back at Bernie Sanders and said: “What a wonderful country we have, the best-known socialist in the country happens to be a millionaire with three houses.” Many conservatives laughed and cheered and wondered why Bernie ... Read More
Elections

Bernie’s Houses

Mike Bloomberg scored a hit -- a palpable hit -- in the debate this week when he pointed back at Bernie Sanders and said: “What a wonderful country we have, the best-known socialist in the country happens to be a millionaire with three houses.” Many conservatives laughed and cheered and wondered why Bernie ... Read More

Elon Musk’s Plan to Settle Mars

He who follows Freedom, let him leave his homeland, and risk his life. — Adam Mickiewicz, Polish poet, 1832 Last week my wife Hope and I traveled to Boca Chica, Texas, to meet with Elon Musk. While we talked inside the SpaceX onsite headquarters, a mariachi band played outside, providing entertainment for ... Read More

Elon Musk’s Plan to Settle Mars

He who follows Freedom, let him leave his homeland, and risk his life. — Adam Mickiewicz, Polish poet, 1832 Last week my wife Hope and I traveled to Boca Chica, Texas, to meet with Elon Musk. While we talked inside the SpaceX onsite headquarters, a mariachi band played outside, providing entertainment for ... Read More

South Park as Healing Mechanism

It didn’t take too long into 2020 for people on Twitter to start earnestly debating whether South Park, an extremely popular show that has been on air for decades, has been wreaking havoc on our society with its offensiveness. As far as I can tell, the conversation started with a series of tweets from She-Hulk ... Read More

South Park as Healing Mechanism

It didn’t take too long into 2020 for people on Twitter to start earnestly debating whether South Park, an extremely popular show that has been on air for decades, has been wreaking havoc on our society with its offensiveness. As far as I can tell, the conversation started with a series of tweets from She-Hulk ... Read More
Law & the Courts

Florida Bill to Ban ‘Nature Rights’

I have been warning that “nature rights” would soon become part of the Democratic Party's environmental platform. That hasn't happened at the national party level -- yet. But Florida's Democratic Party has embraced the idea that nature should have rights that anyone can sue to enforce in its official ... Read More
Law & the Courts

Florida Bill to Ban ‘Nature Rights’

I have been warning that “nature rights” would soon become part of the Democratic Party's environmental platform. That hasn't happened at the national party level -- yet. But Florida's Democratic Party has embraced the idea that nature should have rights that anyone can sue to enforce in its official ... Read More