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Alternative Visions – The Scourge of Neoliberalism: US Policy From Reagan to Trump

Dr. Rasmus discusses the main themes and predictions of his just released latest book, ‘The Scourge of Neoliberalism: US Policy From Reagan to Trump’: Neoliberalism as just the latest US capitalist restructuring to ensure US continued hegemony over domestic opposition (unions, social movements, etc.) and global capitalist competitors (China today; Japan-Europe before). Prior capitalist restructurings before WW1 and after WW2 are compared to the Neoliberal. Why Neoliberalism is not ‘Liberal’. Neoliberalism as historical practice vs. Neoliberalism as Idea is differentiated. What’s missing in prior critiques of Neoliberalism. The 4 basic policies of the Neoliberal policy regime are explained: Fiscal (tax, war-defense, social program spending), Monetary (low interest rates), Industrial (deregulation, privatization, anti-union, pension, jobs, wage compression), and External (trade, free trade, $US exchange rate, global money flows, twin deficit solution). Rasmus describes the major contradictions developing within Neoliberalism in recent years, why Neoliberalism hit a crisis under Obama, and why Trump policies represent a new virulent Neoliberalism 2.0. Why Trump’s restoration of Neoliberalism is doomed due to new technological changes, money forms, and rising political opposition (domestic and global) to it. The coming crisis of 2020s. Why Neoliberalism must remove Democracy as an obstacle if it is to further expand.  Trump as example of decline of Democracy in late Neoliberalism.  (For more on the book, check out Dr. Rasmus’s blog, jackrasmus.com, or website, http://kyklosproductions.com, where book copies may be ordered starting tomorrow, October 26, at discount).