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The Poverty of Neoliberalism

In the late 1970s, a group of one-time liberals began describing themselves as neoliberals. ‘We criticize liberalism,” Charles Peters, editor of the neoliberal Washington Monthly, wrote in 1983, “not to destroy it but to renew it by freeing it from its myths, from its old automatic responses…” Neoliberals often join conservatives in lambasting public programs, […]

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Can Government Work?

Many Americans are convinced that there are no public solutions to national problems. Or if there are, that Congress could not enact them in rational form, and that we cannot afford the cost. Overcoming that pervasive skepticism demands a new era of

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The Great S&L Clearance

During the past decade, the public dialogue surrounding the federal government’s regulation of the financial system has been shallow and morally smug and, above all, blind to the emerging realities of deep disorder. Despite the pattern of recurring financial crises, most commentators have clung to the comforting bromides of laissez faire taught by the Reagan […]

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