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Mon Aug 31, 2020, 09:21 PM

Biden Is Getting Ready to Bury Neoliberalism

A President Biden U.S. domestic policy would shift well to the left of where it would have been under a President Hillary Clinton in 2016.

This spring, Democratic presidential nominee Joe Biden agreed with his former primary rival Sen. Bernie Sanders to form joint task forces on health care, criminal justice, climate change, the economy, education, and immigration. It is clear from the reports of those bodies, issued earlier this summer, that under a President Biden U.S. domestic policy would shift well to the left of where it would have been under a President Hillary Clinton in 2016.

But none of those committees covered foreign policy as traditionally defined. The ideological flames fanned by Sanders and Sen. Elizabeth Warren, and then brought to a white heat by the Black Lives Matter movement, have barely touched foreign affairs, which is often isolated from domestic politics. A Biden promise to return to the status quo ante would be a brain-dead response to a transformed world, but it would not be politically costly.

Yet the assumption that under a President Biden domestic policy would move left, but foreign policy would not, presupposes a distinction between the two that is itself an artifact of an earlier era. Some elements of a Biden foreign policy would almost certainly move left as a dependent variable of domestic policy. Biden uses the expression “a foreign policy for the middle class” to express the idea that trade and international economic policy must be guided by the benefits they will bring to average Americans—rather than to American multinationals. For those of you keeping an ideological scorecard at home, that policy may be taken as the death knell of neoliberalism.

That term “neoliberalism,” which began as a neutral descriptor before turning pejorative in recent years, describes the faith that a lightly regulated global marketplace in which goods, services, capital, and firms moved across borders with minimal friction would unleash growth that would increase jobs and spread prosperity, especially in the United States, the engine room of globalization. That was the guiding doctrine of the administration of President Bill Clinton. Its high apostles, including Robert Rubin and Larry Summers, served as President Barack Obama’s senior economic advisors.


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Arrow 8 replies Author Time Post
Reply Biden Is Getting Ready to Bury Neoliberalism (Original post)
StrictlyRockers Aug 2020 OP
FoxNewsSucks Aug 2020 #1
appalachiablue Aug 2020 #2
Budi Sep 2020 #3
JI7 Sep 2020 #4
StrictlyRockers Sep 2020 #5
StrictlyRockers Sep 2020 #7
lagomorph777 Sep 2020 #6
RussBLib Sep 2020 #8

Response to StrictlyRockers (Original post)

Mon Aug 31, 2020, 09:51 PM

1. I hope that's how it goes

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Response to StrictlyRockers (Original post)

Mon Aug 31, 2020, 09:59 PM

2. Well, this is something; see how it evolves.

..'that policy may be taken as the death knell of neoliberalism.'

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Response to StrictlyRockers (Original post)

Tue Sep 1, 2020, 12:02 AM

3. Wish list from the ⚘Red Rose Twitterverse. Figures.

Strictly BLM
@christoq
#DSA⚘#TheSquad #AOC #BLM #FAM46 #FBR #RESIST #BlueWave2020 #Marxist #NoComradesUnder1k (he/him)
Santa Cruz, CAtwitch.tv/strictlyrockers

-----------
Added to the red rose list of coded trigger words to describe Democrats...

Neoliberal
Establishment
Wall Street

🙄....

Joe Biden: " I am not a socialist"

I've yet to see a 'red rose' twitterer say a decent thing about the Democratic Party.
They aren't here to support anything or anyone of the Democratic Party.



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Response to Budi (Reply #3)

Tue Sep 1, 2020, 04:50 AM

4. It's the same as the right wing screaming out socialist, communist, jane fonda, george soros etc

It doesn't mean anything other than trying to make those spewing those things feel like they are part of some special group .

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Response to JI7 (Reply #4)

Tue Sep 1, 2020, 11:49 AM

5. We're here from "red rose Twitter" and we'd like to speak with you about your policy.



That's Foreign Policy magazine.

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Response to Budi (Reply #3)

Tue Sep 1, 2020, 02:19 PM

7. 'Foreign Policy' is the source you want to attack, not me.

And if you try to paint 'Foreign Policy' as "leftist", you are going to look even more foolish.

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Response to StrictlyRockers (Original post)

Tue Sep 1, 2020, 02:06 PM

6. Good! About damned time!

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Response to StrictlyRockers (Original post)

Tue Sep 1, 2020, 02:58 PM

8. Do it. Just get rid of Trump

And take questions from reporters wherever you go, Joe.

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