Jennifer Burns is an assistant professor of history at Stanford, where she teaches courses on American political, cultural, and intellectual history. She is the author of Goddess of the Market: Ayn Rand and the American Right. Burns has also written for The New York Times, The New Republic, Harvard Magazine, and Foreign Policy.
In the wake of the Great Recession of 2008, liberals were dismayed by the economic carnage but could at least rejoice that the dominant ideology of free markets had been exposed as fiction. The deepest vulnerabilities of unregulated capitalism had been cast into sharp relief; the groundwork was now in place for a return to robust regulation of the financial sector and a broader shift to the left.