You can always tell how bankrupt a given economic strategy is by how hard its proponents fight even minor course corrections. For example, you can hear this sentiment in the comments of Senator Rand Paul when they rail against the dangers of the Affordable Care Act. Even though millions of uninsured Americans will benefit from health care, Neoliberalism holds that government is the source of all ills and that trumps everything.
Conservatism by definition is incapable of handling the changing economic landscape because it is dedicated to maintaining the status quo. While Neoliberalism as an economic philosophy is well pass obsolesce, it still holds sway in the Republican Party and the economic development community at large. And little can be done to change this or the structure to make it more transparent and less clubby.
A strong case could be made that Neoliberalism, which assumes that economic growth will spring to life if the government gets out of the way, hasn’t delivered positive results since the start of the new millennium. The closest thing to economic growth during the Bush years came from the Housing Bubble, which was in fact a Ponzi scheme that bilked millions of families of their life savings.
The American people deserve better and cannot afford another lost decade arguing about the role of government. For those tasked with supporting sustainability, this means that a new Post-Globalism Strategy must be developed before Neoliberalism has time to mutate and appear more reasonable. This new strategy needs to reestablish a climate of Democracy and replace the internal conflicts that have plagued Neoliberalism.