The stunning political upheavals witnessed across the western world
over the past year have raised the question of whether the
neoliberal economic system that has dominated since the 1980s is
about to unravel. During the 1930s, when liberalism last came under
attack, two distinct ideologies offered hope to the disaffected in
society: socialism and populism based along national lines. Neither
turned out particularly well. This collected volume asks whether
there might now be another way to reform our economic system to
drive inclusive growth without having to return to the failed
ideologies of the 20th century. It explores the prospect of a
political outlook that believes in harnessing the dynamic power of
markets, but one that also recognises that markets fail more
frequently than some would like us to believe. Such a rethink of
our political economy is critical if society is to rebuild its
faith in public and private sector institutions, and to prevent
extremism emerging once more.
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