6/6 The Rise and Fall of Neoliberalism, & A Vision of What’s Next w/ Gary Gerstle

June 6, 2022

Sam and Emma host Gary Gerstle, Professor of American History at the University of Cambridge, to discuss his recent book The Rise and Fall of the Neoliberal Order: America and the World in the Free Market Era. First, Emma and Sam dive into the continued rise of mass shootings over this weekend, the Uvalde Police’s continually changing story, Dr. Oz’s victory in the PA GOP Senate Primary, and Elon suddenly scrapping his Twitter deal after finding out about Twitter BOTS, but definitely not his crashing Tesla stock. They’re then joined by Professor Gerstle as they work through the concept of political orders as these prolonged eras of dominant ideologies, with the two that he largely covers being the New Deal political order, lasting from FDR’s reign up until the ‘60s or so, and the Neoliberal Order, burgeoning in the ‘70s and lasting up until the end of Obama’s presidency, looking at these two orders in contrast, with the former compelling the right to assimilate into a democratic socialist ideology, and the latter seeing a Clinton-lead democratic party assimilating into corporate liberalism and deregulation. Next, they get into the factors that drive the emergence of new orders, starting as a modest movement of political organizations and actors, before networks of donors, constituents, think tanks, and policy networks and political actors arise around it as it proves itself as a viable political system. They then look to the crises that left the vacuum for these orders to step in, with the 1930s Great Depression marking the largest capitalist crisis in US History, and the ‘70s recession occurring alongside rising racial tensions, US imperialism, and a reemergence of international industrial competitors seeing US Capital suddenly threatened from all sides. Sam, Emma, and Professor Gerstle then walk through the evolution of political orders and how one took issue and influence from its priors, first looking to FDR’s desire to create a new form of liberalism, one that puts everyday Americans in a position to actually enjoy their freedom, before Freidman and Hayek come around and reject his appropriation of liberalism, but still looking to government as a corporate facilitator, particularly with the role of the military in ensuring the safety and freedom of markets worldwide. After covering the role of the fall of the USSR and Clinton’s assimilation to neoliberalism, Sam, Emma, and Professor Gerstle walk through our contemporary moment as the neoliberal order stalls, and the difference between a fight between a far-right and a progressive left and the single-camp transitions of previous orders.

And in the Fun Half: Sam and Emma discuss Dr. Jill Biden’s unveiling of a new Nancy Pelosi stamp, just as pride month starts, in an unfortunate moment of institutional fetishization, Dave Rubin obsesses over Elon Musk fighting to get his workers back to work, before inquiring about who died and left COVID in charge. Sam and Emma discuss the original rise of TERFism in England, cover the Ohio GOP’s new bill requiring genital inspections of young girl athletes, a Wisconsin high school gets bomb threats for trying to teach their students to respect queer people, Miles from LI talks the evolution of “based,” and Louie Gohmert comes to the defense of the Right’s right to lie right to the Government. Plus, your calls and IMs!

Check out Gary’s book here: https://global.oup.com/academic/product/the-rise-and-fall-of-the-neoliberal-order-9780197519646?cc=us&lang=en&

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