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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsNew York Intelligencer: Chris Murphy Wants Democrats to Break Up With Neoliberalism
The Democratic senator speaks out about the future of his party.
By Sarah Jones, senior writer for Intelligencer who covers politics and labor
November 20, 2024
5:00 A.M.
/snip/
Over the last several years, youve often warned that the postwar neoliberal order is breaking down, and I was curious to know how you define neoliberalism and how youve reached that conclusion.
Neoliberalism is a belief that markets and in particular global markets will work for the benefit of the common good with light adjustments here or there by the government. I think neoliberalism is also about the belief in the individual as the hero of every story as opposed to the community or the collective. And so as a result, both Democrats and Republicans have been very reluctant over the past 40 years to do anything to disrupt existing markets, in particular international markets, and have sort of let society and culture and our economy slide away from a focus on the common good, instead believing that we should just align incentives so that each individual is able to have a shot at material wealth. So that to me is kind of the definition that I use in my head.
Many would argue that neoliberalism has become a core tenet of Democratic Party politics and remains so today. Do you think thats true? And if so, why did you decide to become so critical of it?
I think theres a fight inside the Democratic Party today about whether or not neoliberalism has permanently failed. There are still plenty of market believers and market fundamentalists inside the Democratic Party, but I would argue Joe Biden made a pretty material break from neoliberal orthodoxy. His unabashed public support for labor unions, his revitalization of industrial policy, albeit targeted industrial policy, and his work to rebuild American antitrust power was all a recognition that we needed to move beyond our neoliberal failures. And one of my frustrations is that President Biden and Vice-President Harris didnt lead their economic messaging by talking about their break with neoliberalism, their belief in the need to break up corporate power, their belief in the need to revitalize labor unions. So the policy was really good. I just dont think the rhetoric always matched the policy.
/snip
Autumn
(46,280 posts)FakeNoose
(35,657 posts)... and Bernie Sanders never joined our Party.
WhiskeyGrinder
(23,830 posts)gab13by13
(25,221 posts)The horse and sparrow economic theory; Feed the horse more oats and the sparrows will have plenty to eat. That is neoliberalism.
k0rs
(93 posts)Murphy's definition is more like Ayn Rand-ism.
gab13by13
(25,221 posts)Maybe Democrats needed an FDR type politician like Bernie? He certainly appeals to working class Americans.
We need more outspoken Senators like Bernie.
LT Barclay
(2,734 posts)So liberalism for corporations and indentured servitude for the rest of us.
Or think of it as liberalism that a neoconservative could fail in love with.
elleng
(136,042 posts)LearnedHand
(4,032 posts)With the standard Democratic polices. Bernie Sanders and AOC and Elizabeth Warren are the antidote to neoliberalism.
H2O Man
(75,452 posts)gab13by13
(25,221 posts)He taxed the rich a minimum 15%. He forgave student loans. He got huge bills passed that created working class jobs.
He was the first president to walk in a union picket line.
President Biden took on the 1%.
UniqueUserName
(269 posts)CTyankee
(65,012 posts)I want more Chris Murphys and progressive women leading us. It is frustrating to me that we don't and now face this monster Trump again. But what Chris and RIchard's pollsters are telling them right now is unknown to me, a constituent of theirs. I guess Connecticut is outside the mainstream.
Right now in New Haven if I polled the people on my block, my guess is nearly 100% voted Dem at the top of the ticket.
elleng
(136,042 posts)CTyankee
(65,012 posts)bad thing to do) and has pensions to this day. He also inherited valuable property from his parents (who were public school teachers). We do have high taxes in CT but we have valuable services. We will probably not outlive all of our money but not much to leave to our kids/grandkids. We are happy here; New Haven has a nice vibe for us at least.
elleng
(136,042 posts)My adopted mother was born there, and aunt and uncle had a house on RFD #5 in New Milford, along the Housatonic river.
We, from NY, thought of it as our 'country' place; we visited holidays, went to Candlewood Lake, and brought a tree in from their property for Chanukah/Christmas. Aunt had served in army as nurse in Europe during WWII, and uncle lost much of his hearing 'over there,' which is where they met. I think he worked for a utility, in/near Danbury, making/repairing stuff.
BannonsLiver
(17,967 posts)Prairie Gates
(3,032 posts)Clintonism is dead. Go hard left.
gab13by13
(25,221 posts)LT Barclay
(2,734 posts)electric_blue68
(17,977 posts)I learned about it from Thom Hartman back in Air America days!
LT Barclay
(2,734 posts)The book gave background on each audio segment.
To say I was stunned by his second bill of rights is an understatement. I know he wasnt perfect but was a beautiful vision of what this country could have been.
My wife is funny though, when I told her what was there, she said oh, they must have killed him. I told her that I had never heard even a rumor of that. She said I dont care, the wealthy would never let that happen.
And at least we 2 remember. Maybe we should make the contents a post.
electric_blue68
(17,977 posts)Might not be a bad idea to remind people.
While he was not perfect this would have been such a safer basis for a decent, even more comfortable living for many more people!
Solly Mack
(92,750 posts)Passages
(1,028 posts)Linda ladeewolf
(390 posts)The little people on the bottom, their needs, desires and lives are not important. We are easily replaced. I think we need to adopt the attitude that the wealthy and corporations are easily replaced, a huge corporation can be easily broken up into many smaller companies that could be run without the ability to monopolize a customer base. That would increase competition and force them to lower prices. Right now there is very little competition because so many huge corporations own most of everything and they work together to fleece the rest of us.
LT Barclay
(2,734 posts)I tried to grab a link for you but cant on my phone.
At the magazine website search for meet the corporation its from 2005 but a powerful and revelatory article
LT Barclay
(2,734 posts)I tried to grab a link for you but cant on my phone.
At the magazine website search for meet the corporation its from 2005 but a powerful and revelatory article
orwell
(7,955 posts)...the great concentrations of power we see globally today. In fact that is the result of a lack of normal market constraints that should be exercised by the government to curb monopoly power. That is a political policy breakdown due to the corporate capture of most of our politicians. It is not a function of neoliberalism per se. It was engineered by Oligarchs.
When we abrogated any form of of anti-trust, the capitalist model breaks down. "Free market" capitalism requires competition.
Inflation needs two things to occur, a concentration of supply whether real or manufactured (monopoly corporations), and inelastic demand. No matter how much the price of eggs, milk, or real estate went up, we as consumers kept buying it.
Our household didn't but we a a drop in the bucket.
The inflation problem was our problem as consumers. We couldn't stop buying, even if it meant going into monstrous debt. The monopoly corporations sensed this and kept raising prices.
Oil prices fell below zero in the commodity markets during the pandemic. The most important commodity in the industrial world fell below zero one afternoon during settlement, Let that sink in for a second. That shouldn't be possible. But it happened.
Neoliberalism or not, consumers have always been in charge. They just don't realize it.
That is also engineered.
We are the commodity...
LT Barclay
(2,734 posts)Ive been calling it vampire capitalism because if there is an artery i.e. they want to tap into it.
mathematic
(1,498 posts)How far behind the times is he that he doesn't realize that liberalism has been dead across the spectrum for nearly a decade. But go on, keep talking about "community" and the "collective" while, somehow inexplicably shedding support in those very communities you say you support. What an embarrassing misread of the moment.
Autumn
(46,280 posts)Neoliberalism is distinct from liberalism insofar as it does not advocate laissez-faire economic policy, but instead is highly constructivist and advocates a strong state to bring about market-like reforms in every aspect of society.
Post # 16 nailed it.
Nanjeanne
(5,438 posts)dalton99a
(84,248 posts)Voters: "What the fuck is a neoliberal?"
comradebillyboy
(10,461 posts)the term is usually used here on DU. Anything to the right of Bernie Sanders is neoliberal you know.
soandso
(1,153 posts)The Dutch and British East India companies revived.