2min chapter

This Is Not A Drill with Gavin Esler cover image

The Death of American Democracy?

This Is Not A Drill with Gavin Esler

CHAPTER

The Crisis in American Politics

George W. Bush wanted to fully embrace neoliberal principles at home, says Julian Zelizer. The only way to do this was to remove restrictions on who could be issued mortgages, he writes. That led to the creation of a subprime mortgage market and housing crisis in 2008, said Zelizer. ideas that have been confined to the margins now have a chance to bid for mainstream acceptance, he adds.

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