this post was submitted on 11 Apr 2025
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[–] cygnus@lemmy.ca 7 points 4 days ago* (last edited 4 days ago) (2 children)

It has been the sole economic theory in power in the US since the 1970s

I'm not American so I may be missing some nuance, but I find it hard to say that, for example, Carter and Reagan shared the same economic policy, or Obama and Trump. Only by flattening away any nuance whatsoever would those be called identical.

[–] grue@lemmy.world 34 points 4 days ago (1 children)

First of all, Trump really is very different. All these tariffs are decidedly not neoliberal.

Trump aside, though, Carter, Reagan and Obama really did share broadly similar policy with regards to free trade treaties and whatnot. The Democrats were better on support for unions, but not so much better that they weren't willing to throw them under the bus of cheap foreign labor.

they shared the same broad economic policy.

They don't share minute policy, they never will. Republicans have always been a more top down approach, while dems are usually more bottom up.