David Brooks: The death of the era of neoliberalism
In 1981, "began the era of neoliberalism, a movement which, at least temporarily, remade the Democratic Party, redefined American journalism and didn't really die until now," writes David Brooks in the New York Times.
"Neoliberals often have an air of perpetual youthfulness about them," he writes, "but they are now in their 40s, 50s and even their 60s, and a younger generation of bloggers set off a backlash."
Excepts from the article follow:
For the past few years, The New Republic has tried to keep the neoliberal flame alive, under editors like Peter Beinart. But there is no longer a readership for that. The longtime owner, Marty Peretz, has sold his remaining interests and, starting this month, the magazine will go biweekly.
Overall, what's happening is this: The left, which has the momentum, is growing more uniform and coming to look more like its old, pre-neoliberal self. The right is growing more fractious. And many of those who were semiaffiliated with one party or another are drifting off to independent-land. (The Economist, their magazine, now has over 500,000 American readers -- more than all the major liberal magazines combined.)
Neoliberalism had a good, interesting run -- while it lasted.
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