Rise and Fall of the Neoliberal Order | Gary Gerstle

Hidden Forces

In Episode 346 of Hidden Forces, Demetri Kofinas speaks with Professor of American History at the University of Cambridge, Gary Gerstle. Dr. Gerstle is the author and editor of more than ten books, including the “Rise and Fall of the New Deal Order,” and his most recent, “The Rise and Fall of the Neoliberal Order,” which was chosen as a Best Book of 2022 by the Financial Times and Prospect Magazine.

Gerstle and Kofinas spend the first hour of their conversation discussing the last one hundred years of American history, which spans two political orders—that of the New Deal Order, which ascends in the early 1930s and comes apart in the mid-to-late 1970s and the Neoliberal Order, which begins its rise in the late 1970s-to-early-80s and starts to disintegrate in the mid-2010s during Obama’s second term in office and the election of Donald Trump.

The second hour of their conversation is devoted exclusively to understanding the rise and fall of the Neoliberal Order and how the excesses of that period have created the conditions for the political, economic, and social crises that are currently gripping the nation. Gerstle and Kofinas also speculate about what may come out of this period, what a new order could look like, what the various factions are that will drive it forward, and what policy ideas, priorities, and ideological frameworks are likely to animate it.

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Producer & Host: Demetri Kofinas

Editor & Engineer: Stylianos Nicolaou

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Episode Recorded on 12/26/2023