Neoliberalism

The ‘natcons’ are here to stay

Cast your mind back to the 1990s for a moment. The left, dispirited at their generation-long rout at the hands of Ronald Reagan and Margaret Thatcher, and enraged by the ratification of limited-government trends at the hands of Bill Clinton and Tony Blair, were looking for a new rallying point. By the end of the decade, the intellectual left had settled upon a new epithet: “neoliberalism.” Although the term was not brand new, it exploded in popularity in left academic journals and soon in left media too. Simply put, “neoliberalism” means “democratic capitalism.

Right on: Boris Johnson’s Britain and the new political reality

Political realignments occur when large groups of voters desert one party for one or more other parties, shattering old coalitions and forming new ones. In America and northern Europe, working-class voters — mostly, but not exclusively, native and white — have been leaving established left-of-center parties. On their way out, they have met college-educated metropolitan professionals and managers migrating the other way. Center-left parties have exchanged the industrial workers who were once their core constituency for a new upscale clientele. The emerging center-left is supported by the college-credentialed middle classes, native minorities and immigrant diasporas.

boris johnson right neoliberalism