Is Neoliberalism the cause of America’s Long Decline?

By Zachary Alexander on

There are those in the Freedom First Wing of the Republican Party who like to point to the 1950’s as the best of times for the United States Economy. And many of them suggest that it is legislation like the Paycheck Fairness Act that has brought America to the brink of economic destruction. For those tasked with supporting sustainability, you may want to consider what Dr. Edwards Deming wrote in 1993.

It is hard to believe that anything is different now than in 1950. The change has been gradual, not visible week to week. We can only see the decline by looking back. [1]

This means that the long decline that Dr. Deming wrote about started about the same time as the emergence of Neoliberalism. A strong case could be made that the then new economic philosophy (i.e. Neoliberalism) was actually the cause of America’s long decline. The reason is because the Japanese and others learned to collaborate with local competitors in order to dominate industries. Americans were taught that this was a form of socialism.

Neoliberalism as an economic philosophy has become so ingrained that there is tacit acceptance by many prominent Democrats. And a lot of these very serious people think that this is only way business can legitimately be done. It is in this business environment that a broader discussion of Post-Globalism is need to stop the long decline.  A frank conversation is warranted, which respects the talents of all people and at a minimum the right to fair pay.

America can no longer afford to ignore the fact that businesses have a higher rate of success when women participate at all levels of the decision making process. This is an all hands on deck moment in time. And some Democrats must remember why President Barack Obama was elected in 2008. Others must be reminded that neither evolution nor creative destruction take prisoners. They must be out run, out worked, and out innovated.

Zachary Alexander

[1] Edwards, D. The New Economics for Industry, Government, Education