Rise and Fall of the Neoliberal Order | Gary Gerstle

Hidden Forces

Demetri Kofinas

Government, Business

4.8 • 1.6K Ratings

🗓️ 1 January 2024

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

In Episode 346 of Hidden Forces, Demetri Kofinas speaks with Professor of American History at the University of Cambridge, Gary Gerstle. Dr. Gerstle is the author and editor of more than ten books, including the “Rise and Fall of the New Deal Order,” and his most recent, “The Rise and Fall of the Neoliberal Order,” which was chosen as a Best Book of 2022 by the Financial Times and Prospect Magazine.

Gerstle and Kofinas spend the first hour of their conversation discussing the last one hundred years of American history, which spans two political orders—that of the New Deal Order, which ascends in the early 1930s and comes apart in the mid-to-late 1970s and the Neoliberal Order, which begins its rise in the late 1970s-to-early-80s and starts to disintegrate in the mid-2010s during Obama’s second term in office and the election of Donald Trump.

The second hour of their conversation is devoted exclusively to understanding the rise and fall of the Neoliberal Order and how the excesses of that period have created the conditions for the political, economic, and social crises that are currently gripping the nation. Gerstle and Kofinas also speculate about what may come out of this period, what a new order could look like, what the various factions are that will drive it forward, and what policy ideas, priorities, and ideological frameworks are likely to animate it.

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Episode Recorded on 12/26/2023

Transcript

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0:00.0	What's up everybody? My name is
0:02.7	Demetra Kofinas and you're listening to Hidden Forces, a
0:06.2	podcast that inspires investors, entrepreneurs and everyday citizens to
0:11.5	challenge consensus narratives and to learn how to think critically
0:15.3	about the systems of power shaping our world. My guest in this episode of Hidden Forces is Gary Gerstel.
0:21.6	Dr Gerstel is a professor of American history at the
0:25.2	University of Cambridge. He's also the author and editor of more than 10 books
0:29.3	including the rise and fall of the New Deal order and his most recent book the rise and fall of the
0:35.2	neoliberal order which was chosen as a best book of 2022 by the Financial Times and
0:40.6	prospect magazine.
0:42.8	Dr Gerstel and I spend the first hour of our conversation discussing the last 100 years of
0:48.6	American history, which spans two political orders, that of the New Deal ascending in the early 1930s and coming apart in the
0:56.0	mid to late 1970s and the neoliberal order which begins its rise in the late 1970s to early 80s and starts to disintegrate in the mid
1:05.1	2010s with the end of Obama's second term in office and the election of
1:09.4	Donald Trump. The second hour of our conversation is devoted exclusively to understanding the rise and decline of the neoliberal order itself and how the excesses of that period have created the conditions for the political, economic, and social crises that are currently
1:25.3	gripping the nation.
1:26.8	We also speculate about what may come out of this period, what a new order could look like,
1:32.0	what the various factions are that will drive it forward,
1:34.4	and what policy ideas, priorities, and ideological frameworks are likely to animate it.
1:40.8	You can access that part of the conversation on our premium feed, which you can listen to on
1:45.1	your mobile device using your favorite podcast app just like you're listening to this
1:49.3	episode right now by going to Hidden Forces.
	...

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