Did 2025 mark the formal end of the neoliberal age? Gary Gerstle, author of The Rise and Fall of the Neoliberal Order, has already written neoliberalism’s official obituary, so he’s quite comfortable with a post neoliberal world. But Trump 2.0, Gerstle suggests, marks the formal beginning of America’s place in this new cracked, jagged and leaderless world. What most defines it, Gerstle suggests, is its absence of “flatness” - Tom Friedman’s term to describe a world simultaneously “flat” and yet dominated by singularly American ideas, economics and power. The ironic thing about Trump 2.0 is that, for all his bluster, his America is just another player in this post Pax Americana economic and political system. His “place in the history books is secure,” Gerstle says about Trump. But it may not exactly be the place that the MAGA leader wants to be.
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