The Washington Consensus: Consensus is not consent.

Unf*cking The Republic

UNFTR Media

Government, News, Politics

4.9 • 683 Ratings

🗓️ 2 October 2021

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

Economist John Williamson presented a paper titled The Washington Consensus in 1989. More of a reflection than a policy statement, the Washington Consensus became a policy framework in the neoliberal school of expansion and trade, particularly as it relates to Latin America and the Caribbean. Today we examine the legacy of Williamson’s seminal paper, how it has echoed throughout American foreign policy over time and what it portends for an uncertain economic future in the era of climate change. Oh, and it gives us another opportunity to say Fuck Milton Friedman.

Resources

Nancy Birdsall, Augusto de la Torre and Felipe Valencia Caicedo: The Washington Consensus- Assessing a Damaged Brand

Wall Street Journal: Era of Brady Bonds Ends For Developing Nations

WWF: Environmental Problems In Brazil

Leonardo Gasparini, María Emma Santos and Leopoldo Tornarolli: Poverty in Latin America

John Williamson: The Washington Consensus as Policy Prescription for Development

John Williamson: The World According to John Williamson: Part II

Book Love

Imperialism, Neoliberalism, and Social Struggles in Latin America

- Neoliberal Meltdown and Social Protest by Carlos M. Vilas
- The Harvest of Neoliberalism by Jose Bell Lara and Delia Luisa Lopez

Pod Love

Best of the Left: #1426 The Liberation and Assimilation of Pride Month (6/26/21)

Gender Reveal: Starter Packs

Métis in Space

Unf*cker Love

China Heritage: On This Day: 11 September 2021, a Commemoration in Three Chapters

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Transcript

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0:00.0	Unfucking the Republic is brought to you by Sam Conrad, an unfucking insane level member of the show.
0:07.6	And today's episode is brought to you by Unfucking Pro Bookstore Kim.
0:14.0	Pst. Hey, unfuckers. Good to be back in your earbuds. Lots to go over in show notes today,
0:20.0	like how unfuckers sold us out of every blend of
0:22.6	unfucking delicious coffee at UNFTR.com.
0:25.7	Many of you said how much you appreciated hearing from Amy and Harry Wallace from Pusputuk,
0:29.8	and I'm so happy that we were able to introduce you to them.
0:32.6	There's also a slew of new members to the show from Buy Me a Coffee.com slash unFTR now that we've announced new membership
0:38.9	tears none of which none include bonus content because we promise to always keep our content free
0:45.7	and ungated and i can't believe it but our one year anniversary episode is coming out next week
0:52.9	do we get a bonus yeah we should totally get a bonus.
0:57.3	Um, new podcast. Who'd is? Anyway, we'll get to all of it later on, but for now, we're diving back
1:03.8	into the world of economics to talk about a policy of sorts that will help set the stage for several
1:08.8	future episodes and tie in some prior themes as well.
1:12.4	And at the end, I'll give you my take and offer a twist on conventional wisdom.
1:16.8	Now, earlier this year, the field of economics lost a rather significant figure.
1:21.5	John Williamson was a highly regarded economist and senior fellow at the prestigious Peterson
1:26.6	Institute for International
1:28.1	Economics, but he's best known as the author of the term Washington Consensus, our subject
1:34.0	for today.
1:35.0	So why this and why Williamson?
1:37.3	Oh, because you haven't bored everyone to death yet, so you're back to finish the job.
	...

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