Neoliberalism Didn't Impoverish the Middle Class

Remember that famous scene in Monty Python and the Holy Grail? The one where a man is pushing a cart full of bodies through a village during the plague crying, “Bring out your dead!” and someone deposits what he claims is a corpse, only for the body to cry out, “I’m not dead yet!”? Well, much the same could be said for neoliberalism, which is at peak opprobrium, and widely derided as a multi-decade failure that has produced Trump and populist backlash around the world. With the threat of trade and tariff wars looming larger than ever—amplified by the president-elect’s social media threats to slap 25% tariffs on Canada and Mexico—the proverbial final nails appear to be headed into the neoliberal coffin. Read Full Article »