The Gray Area with Sean Illing Joe Biden and "the new progressivism"
Dec 7, 2020
Felicia Wong, the President and CEO of the Roosevelt Institute, dives deep into the evolving landscape of American progressivism. She discusses the decline of neoliberalism and how it’s reshaping Biden's presidency. Topics include Biden's potential use of executive power to tackle student debt and the importance of addressing economic inequality. Wong also highlights the new progressivism’s four factions and how this shift could fundamentally change policymaking in the U.S., reflecting a broader focus on power rather than just markets.
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Neoliberalism's Core Tenet
- Neoliberalism, the dominant worldview in American politics, assumed that market reliance fosters freedom and prosperity.
- This belief shaped both conservative and progressive policymaking for decades.
Neoliberalism's Decline
- Neoliberalism's credibility has declined due to rising economic inequality and instability.
- It failed to deliver on promises of job growth, higher wages, and economic stability.
Shifting Focus to Power
- Policymakers are shifting from a market-centric view to a focus on power dynamics.
- This shift recognizes that markets, politics, and other aspects of society are shaped by power.
