What is neoliberalism? How the 'Washington consensus' was imposed on the world
Geopolitical Economy Report
00:00
The Double Standard of Neoliberalism
Chinese socialism has been so effective that it's basically forcing the US to implement socialistic policies. Ronald Reagan was carrying out a trade war against Japan, and in 1987, Reagan imposed 100% tariffs on many different Japanese electronic products. So we always see this double standard where the US economy will engage in protectionist policies to protect its own interests, but tell other countries they're not allowed to do so.
Transcript
Play full episode
