"Neoliberalism" is Reaganomics, a series of beliefs about the world: * The government is generally the problem [with our economy], not the solution to our [eco

"Neoliberalism" is Reaganomics, a series of beliefs about the world: * The government is generally the problem [with our economy], not the solution to our [economic] problems. * Low taxes, low regulation, and low barriers to trade favor positive-sum economic development. * The market will perform most regulatory tasks for us out of enlightened self interest. * Ricardian specialization in international trade is to the benefit of all. * Money made by the wealthy will trickle down to everyone else's quality of life. * The Laffer Curve is self evident and we are self-evidently always on the right side of it; Cutting taxes will increase receipts. Conservatism is highly compatible with this worldview, but it was embraced by liberals as well after the country re-elected Reagan in a landslide. Clinton's "Third Way" portrayed itself as an alternative to traditional Republican and Democratic concerns that was socially progressive but promoted a slightly softened version of this economic theory. Some version of or equivalent to the Third Way has basically been in control of the Democratic party ever since due to its superior ability to fundraise for campaigns, due to the slow death of the labor movement, and due to the death of the dream of international communism among fringe intellectuals. In an attempt to differentiate itself, conservatives tilted hard, hard right on social politics (if not always policy), and brought the economic policies to an extreme that would have been nonsensical a generation earlier. Most people who didn't spend the last two or three decades living off of returns on their investments, have been frustrated with the failed promises of neoliberalism, and it is losing traction with liberals; Or rather, [neo]liberals are losing traction with the electorate.