Gary Gerstle

“A political order must have the ability to shape the core ideas of political life. It must be able to do so not just for one political party’s most ardent supporters but for people located across the political spectrum. The New Deal order sold a large majority of Americans on the proposition that a strong central state could manage a dynamic but dangerous capitalist economy in the public interest. The neoliberal order persuaded a large majority of Americans that free markets would unleash capitalism from unnecessary state controls and spread prosperity and personal freedom throughout the ranks of Americans and then throughout the world. Neither of these propositions today commands the support or authority that they once possessed. Political disorder and dysfunction reign. What comes next is the most important question in the United States, and the world, now face.”
― Gary Gerstle, The Rise and Fall of the Neoliberal Order: America and the World in the Free Market Era