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Today, of course, opposition to the Iran deal reflects a similar belief that forceful resolve would enable Washington to dictate whatever terms it wants. As I’ve written before, this idea is the myth of a “better deal.” Because neocons assume states are attracted to strength and easy to intimidate, they think rejecting the deal, ratcheting up sanctions, and threatening war will cause Iran’s government to finally cave in and dismantle its entire enrichment program.

On the contrary, walking away from the deal will stiffen Iran’s resolve, strengthen its hard-liners, increase its interest in perhaps actually acquiring a nuclear weapon someday, and cause the other members of the P5+1 to part company with the United States.

The neoconservative worldview also exaggerates the efficacy of military force and downplays the value of diplomacy.

In reality, military force is a crude instrument whose effects are hard to foresee and one which almost always produces unintended consequences (see under: Libya, Yemen, Somalia, Pakistan, etc.)

Moreover, neocons believe military force is a supple tool that can be turned on and off like a spigot.

Once forces are committed, the military brass will demand the chance to win a clear victory, and politicians will worry about the nation’s prestige and their own political fortunes. The conflicts in Afghanistan, Iraq, Yemen, and Somalia should remind us that it’s a lot easier to get into wars than it is to get out of them

Third, the neoconservatives have a simplistic and ahistorical view of democracy itself. They claim their main goal is spreading freedom and democracy (except for Palestinians, of course), but they have no theory to explain how this will happen or how toppling a foreign government with military force will magically cause democracy to emerge

In fact, the development of liberal democracy was a long, contentious, imperfect, and often violent process in Western Europe and North America

Fourth, as befits a group of armchair ideologues whose primary goal has been winning power inside the Beltway, neoconservatives are often surprisingly ignorant about the actual conditions of the countries whose politics and society they want to transform.

In addition to flawed theories, in short, the neoconservative worldview also depends on an inaccurate reading of the facts on the ground.

Last but not least, the neoconservatives’ prescriptions for U.S. foreign policy are perennially distorted by a strong attachment to Israel,

But no two states have identical interests all the time, and when the interests of two countries conflict, people who feel strongly about both are forced to decide which of these feelings is going to take priority.

some proponents of the deal have pointed out — correctly — that some opponents don’t like the deal because they think it is bad for Israel and because the Netanyahu government is dead set against it. As one might expect, pointing out these obvious facts has led some opponents of the deal to accuse proponents (including President Obama) of anti-Semitism

Instead of being a serious criticism, this familiar smear is really just a way to change the subject and to put proponents of the deal on the defensive for pointing out the obvious

The fact that the neoconservatives, AIPAC, the Conference of Presidents, and other groups in the Israel lobby were wrong about the Iraq War does not by itself mean that they are necessarily wrong about the Iran deal. But when you examine their basic views on world politics and their consistent approach to U.S. Middle East policy, it becomes clear this is not a coincidence at all

The prime minister favors a strong state role in the economy, has been critical of Western sanctions against Russia and is known for strong anti-Muslim rhetoric.

The pro-business Freedom and Solidarity became the second strongest party with 12.1 percent, or 21 seats, ahead of another center-right party, the Ordinary People with 11.0 percent.

The ultra-nationalist Slovak National Party, Fico's potential partner, returned to Parliament after a four-year-absence with 8.6 percent while the traditional party in the predominantly Roman Catholic country of 5.4 million, the Christian Democrats, didn't get enough votes to be represented.

neo-Nazi People's Party — Our Slovakia — got 8 percent, or 14 seats.

The party says NATO is a terrorist organization and keeps attacking the European Union and Europe's common currency, the euro, which Slovakia uses.

Fico said it is his duty as the winner to create a meaningful government. He said he will open a first round of informal consultations with other parties Sunday.

Mitt Romney jumps on #NeverTrump: Our view

Donald Trump's strong showing on Super Tuesday put prominent Republicans in a tight spot. They have three distinct choices: Jump on the Trump bandwagon. Stay silent, and try to save their own skins if they end up on the November ballot beneath Trump. Or denounce Trump as unfit for the GOP nomination or the presidency.

Only a few prominent Republicans have had the courage to take that third path, and on Thursday they were joined by Mitt Romney, the GOP's candidate in 2012

 Calling Trump "a phony" and "a fraud," Romney said the billionaire businessman is unsuited by temperament, character and judgment to occupy the Oval Office and represent America on the world stage.

Shortly before Romney spoke, dozens of Republican national security experts, including former Homeland Security secretary Michael Chertoff, added their voices to the emerging anti-Trump drive by the GOP establishmen

, bullying and bigotry is as familiar as it is appalling, and practically every day brings a new outrage. Early in the campaign, he denigrated Mexican immigrants and Arizona Sen. John McCain, one of the nation's iconic war heroes and the party's standard-bearer in 2008.

y, he talked about loosening libel laws to make it easier to sue news organizations, and on Sunday, two days before several primaries in the Deep South, he waffled over denouncing David Duke, a former Ku Klux Klan leader who had endorsed Trump.

Taking on a bully is much more unpleasant business, as Trump's rivals have discovered. After Romney's speech, Trump fired back with his usual fusillade of schoolyard insults, calling Romney a stiff, a choke artist, a lightweight, and a disaster as a candidate who ran a horrible campaign and begged for his endorsement in 2012.

But Americans can hope Romney's speech has the same effect as the confrontation that Army counsel Joseph Welch had in 1954 with Sen. Joseph McCarthy, another demagogue who took America down a dangerous and ugly road before a demand for decency stopped him.

The messaging consists of common themes that recur in various forms. One central theme is a fierce opposition to government, especially so-called “big government.” This reappears in various sub-forms as well, such as rage against bureaucracy, regulations, Washington, D.C., the IRS, the Environmental Protection Agency, and federal politicians.

Another big theme is fear and victimization. You had better watch out because government is gonna getcha! “They,” whoever that may be, are about to take away your rights.  Your freedom is about to disappear.  Your religious liberties will be stripped away.  You won’t be able to make your own healthcare decisions.  Free choice will be gone.  Your children will suffer.

Another common theme is the fear of foreigners, or outsiders. We must protect our own in-group from the vague and mysterious threats posed by those who are a little bit different from us.

And, of course, someone from the Democratic Party, or some “liberal,” is to blame for all of this wreckage. Demonizing a specific target is powerful.  If a Democrat is in the White House, then the president becomes the favorite bullseye.

why would the Republican Party devise such a strategy that has no hope of success? Well, it turns out that they did not devise this strategy. I

t’s not even a strategy at all. It emerged not as a result of a grand Republican master plan, but of market economics.

The extremist right-wing network of Fox News and talk radio was not created by politicians, and it is not funded by a political party.  It is not supported by donations from people seeking political expression.  It was created for one central purpose: to make money.

the business of peddling hate and anger is a fantastically profitable one.

An unholy alliance was formed.  The Republican Party would allow the extremist right-wing network to promulgate its destructive propaganda throughout society in order to generate its enormous profits, and in exchange, the network would direct its audience to vote for the Republican Party.

Fox News has dominated the ratings as the number one cable news channel for the last 14 years and reportedly earns over $1 billion in profits annually, making it a golden goose in the overall Fox corporate empire.  Fox itself is one of the most valuable brands in the world with sales of over $13 billion.  And the tycoon behind Fox News, Rupert Murdoch, is personally worth $12 billion.

Corporate profits are greatly impacted by governmental policies.  Corporations, therefore, desire the government to be controlled by whichever political party is the most favorable to corporate profits.  And this, of course, is the Republican Party.

it is indeed a cozy little business model.  The network builds an audience by appealing to people’s fear, insecurity and anger, and simultaneously directs its audience to support the right-wing political party that best protects the network’s own profits.

From a political perspective, it is certainly not healthy to incite anger and hate within a nation’s own population.  And it is not very wise to inflame hostility and rage against a nation’s own government

from a political perspective of creating a cohesive society and maintaining peace and harmony among the population, this is disastrous.

politicians in the Republican Party could not resist.  The extremist right-wing network of Fox News and talk radio had built up an audience that could easily be exploited for political support. 

Rush Limbaugh raked in $80 million for himself in 2015 alone. Sean Hannity was paid $30 million. Glenn Beck is personally worth over $100 million. Bill O’Reilly’s prime-time show, “The O’Reilly Factor,” generates over $100 million per year in advertising revenue.

So for years and years, the extremist right-wing media network spewed out content full of anger, hate, and division.  And Republican politicians jumped on the bandwagon.  They began preaching the same destructive messages and appearing on the extremist right-wing network all across the nation.

It worked.The base of the Republican Party grew more and more angry.  Their resentment against our very own government grew ever greater.  Their sense of victimization became ever more acute.  Their fury at the establishment boiled over.

The base of the Republican Party became a Frankenstein. It became radicalized into an extreme movement that turned against the established order, including the leadership of the Republican Party itself. 

This is the reason behind the rise of candidates like Donald Trump and Ted Cruz.  The Republican Party establishment despises these candidates, but the party has no idea how to slay these dragons.

Juul is the logical extension of the Silicon Valley growth-hacking playbook: Design a flawless product, add a dopamine response, stir in some influencers and watch your product, game or app go viral.

Consider the outcry last week when TechCrunch reported that Facebook had been paying people (including teens) $20 a month to download an app that monitors a user’s mobile and web activity. Apple, long a privacy advocate and favored troll of Facebook, reacted swiftly by cutting off “Facebook Research” and the company’s internal apps. Tech Twitter, however, seemed largely perplexed: In the future, won’t we all sell our data rather than give it away for free?

If Silicon Valley was once converging on a moral cohesion of sorts — where progressive values and wokemanship acted as a loose ethical framework — it’s now becoming harder to avoid the varying ethical debates concerning privacy, addiction and growing geopolitical discord.

For the virtuous founders avoiding addictive products and invasive data-gathering, even they have to worry about who’s getting on their equity ownership table.

founders have to wonder whether that seemingly diverse venture capital fund is backed by regimes where women, minorities and dissidents are killed for expressing themselves.

of course, the morality of a company often depends on the morality of the people in charge

We all tend to surrender our moral authority to “the group,” to still our own inner voices and assume that the group will handle whatever difficult issue we face. We imagine that the group is making thoughtful decisions, and if the crowd is moving in a certain direction, we follow, as if the group is some moral entity larger than ourselves.

rump knows all this. It is his gift, as it has been the gift of demagogues throughout history, to play on human weakness. He knows that good, principled people — who would never lie, curse or belittle the faith of another person — will go along, be swept along, at a rally, in a meeting, maybe silent, maybe smiling, maybe on their feet waving a MAGA hat.

we now face our greatest trial, because it is about each of us, alone. And especially about those who were, or are, Republicans. Will they assert personal, core values in the face of a powerfully human temptation to surrender them? Or will they still those inner voices, smile tightly in places like the East Room, and drift with the crowd

Kelly then asked how, in a quarter century, one might determine whether Sale was right.Sale extemporaneously cited three factors: an economic disaster that would render the dollar worthless, causing a depression worse than the one in 1930; a rebellion of the poor against the monied; and a significant number of environmental catastrophes.

“I bet you $1,000 that in the year 2020, we’re not even close to the kind of disaster you describe,” he said.

Twenty-five years later, the once distant deadline is here. We are locked down. Income equality hasn’t been this bad since just before the Great Depression. California and Australia were on fire this year.

When Sale and Kelly made the bet, they had assumed that by 2020 the winner would be obvious. Maybe all it would take was a look around: Is civilization still here, or not? It clearly is still kicking around. But the pandemic, its economic consequences, and the worsening climate crisis have made things interesting. What would Patrick say?

That’s what Patrick had to determine. In early December he began writing up his decision. Despite his wariness toward tech, he had no intention of jumping on the current techlash bandwagon. Instead, the bet was constructed on three clear conditions, and Patrick would consider each one separately, as if judging a boxing match round by round.

Round by round, the outcome would seem to make it a draw. But when making the final call, Patrick stuck to the language of the original bet. In that fateful Greenwich Village encounter, Sale called for a convergence of three disasters. “Kirk must hit the trifecta to win, meaning that all three horses of his apocalypse must come through,” Patrick wrote. “Only one of his predictions was a winner; one came in neck and neck; and one was way back in the pack.”

So on December 31, Patrick declared Kelly the winner in an email to the bettors. “But it’s a squeaker and not much cause for celebration,” he concluded.

There are a few important take-aways. First, this one didn’t come from the government, it was a private case by a video game maker that sued Google over its terms for getting access to the Google Play app store for Android, decided not by a fancy judge with an Ivy League degree but by a jury of ordinary people in San Francisco. In other words, private litigation, the ‘ambulance-chasing’ lawyers, are vital parts of our justice system.

Second, juries matter, even if they are riskier for everyone involved. It’s kind of like a mini poll, and the culture is ahead of the cautious legal profession. This quick decision is a sharp contrast with the 6-month delay to an opinion in the search case that Judge Mehta sought in the D.C. trial.

Third, tying claims, which is a specific antitrust violation, are good law. Tying means forcing someone to buy an unrelated product in order to access the actual product they want to buy. The specific legal claim here was about how Google forced firms relying on its Google Play app store to also use its Google Play billing service, which charges an inflated price of 30% of the price of an app. Tying is pervasive throughout the economy, so you can expect more suits along these lines.

And finally, big tech is not above the law. This loss isn’t just the first antitrust failure for Google, it’s the first antitrust loss for any big tech firm. I hear a lot from skeptics that the fix is in, that the powerful will always win, that justice in our system is a mirage. But that just isn’t true. A jury of our peers just made that clear.

The mania behind these products is heightened by their collectability and the sense of connection they offer, industry experts say.“Material things have always been markers of identity,” Drenten said.

It’s also compounded by biology — puberty and cognitive development can feel upending and confusing, said Mindy Weinstein, the founder and chief executive of digital marketing company Market MindShift. So buying into a trend or product — perhaps popularized by older teens — can ease those uncomfortable feelings.

It’s known as the “bandwagon effect, and it’s really pronounced in that age group,

“they aren’t always sure where they fit into the world. But now by buying that [item] they feel like they fit in.

Every generation of tween has had products, accessories, brands and styles they covet. A decade ago, it was Justice clothing, colorful iPod minis, Sidekick cellphones and EOS lip balm. In the early 2000s, Juicy sweatsuits, North Face fleece jackets, Nike Shox, Abercrombie & Fitch and Razr flip phones reigned. In the ’90s it was buying from the Delia’s catalogue magazine, Lip Smacker balms, United Colors of Benetton and Tommy Hilfiger polos. The ’80s had Guess jeans, Keds, banana hair clips and J. Crew sweaters. In the ’70s it was mood rings, Wrangler and Levi’s jeans, Puma sneakers and Frye boots.

More than half of U.S. teenagers (ages 13 to 19) spend at least four hours a day on social media, according to Gallup, and most of that time is spent on YouTube and TikTok

And it’s highly effective — consumers are more likely to consider buying a product and have a favorable opinion about it if it went vira

“TikTok influencers already have their trust … teens and tweens see them and they want to also be into that trend and feel like they’re belonging to that social group,

It used to be that our hair, makeup and skin care products were only visible to those who entered our bedrooms, scanning vanities and opening drawers. Now, teens and tweens are filming “Get ready with me” videos, showing off their Rare Beauty liquid blush ($23), Laneige lip balm ($18) and Charlotte Tilbury setting spray ($38) as they complain about school or recap a friend’s bat mitzvah.

Margeaux Richmond and her friends spend a lot of time talking about skin care. The 12-year-old from Des Moines said she got a $62 Drunk Elephant moisturizer for Christmas. “It’s kind of pricey, but if it’s good for your skin it’s worth it,” she said. “It’s kind of important to me and my friends because we don’t want our skin to look bad or anything.”

This also fuels a collectability culture. The customer no longer wants one water bottle, one pair of Air Jordans, one Summer Fridays lip balm or one Nike sweatshirt — they want them in every color.

“We have to think about today’s consumers, not as consumers, but as fans; and fandom has always been intertwined with collecting,” Drenten said. “In today’s culture, particularly among young people, we’ve kind of shifted away from obsession with celebrities to obsession with brands.”

Having and displaying a collection on shelves and on social media is seen as a status symbol.

Superfans also collect accessories for some of these products, Briggs said, spawning a whole side industry for some products.

Who’s doing the actual buying is harder to track. Not all adolescents have jobs or parents who are able or willing to spend $550 on Apple AirPods Max or $275 on a Tiffany & Co’s Pink Double Heart Tag Pendant necklace. “These products, to some extent, are a point of privilege and status,

Some of the spending could be attributed to more young people in the workforce: Roughly 37 percent of 16- to 19-year-olds had a job or were looking for one last year,

That’s the highest rate since 2009.

Richmond said she uses her babysitting money to buy Drunk Elephant skin care or Kendra Scott jewelry — items “my parents won’t buy me.” She’s saving up for her second Stanley tumbler.

Drenten emphasized that shopping or gift hauls on social media don’t reflect what every teen or tween wants. It varies by socioeconomics, demographics and personal preference. “At the end of the day, they can still be influenced by who they’re around and not necessarily what they’re seeing as the top line products online.”

It was a revolutionary power that wanted to end capitalism everywhere, not just in the Soviet Union but all over Asia and Africa, North America, South America. They were gaining a lot of support in the decolonizing societies of Africa and Asia. America was not confident in the ability of its economy to have a permanent recovery from the Great Depression.

When I teach young people today, it’s hard for them to grasp the magnitude and the seriousness of the Cold War and how it shaped every aspect of American life. And the Soviet Union represented an existential threat to the United States.

What coheres to the New Deal is that the Republicans eventually submit to it. And that happens when Gen. Dwight D. Eisenhower beats Senator Robert A. Taft. So tell me a bit about the counterfactual there that you think almost happened. What led to Taft losing prominence in the Republican Party, and what might have happened if he hadn’t?

he was slow to get on the bandwagon in terms of the threat of China, the threat of Communist expansion, and that opened up an opportunity for another candidate, by the name of Dwight D. Eisenhower, to enter the presidential race in 1952 and to present a very different vision.

He was a Republican in a classical sense — small central government, devolved power to the states, suspicious of foreign entanglements — believing that America was protected by the two vast oceans and thus did not need a strong standing army, did not have to be involved in world affairs. And he was opposed to the New Deal.

He thought it was a form of tyranny. It was going to lead to collectivism, Soviet style. And he was poised in the 1940s to roll back the New Deal, and he was looking forward to the postwar period after the war emergency had passed. Of course, the war emergency would require a very strong state to mobilize armed forces, to mobilize the economy for the sake of fighting a world war.

They needed foreign markets. America wasn’t sure whether it would have them. And the capitalist class in America was scared to death by the Communist threat, and it had to be met everywhere, and America mobilizes for the Cold War to contain Communism everywhere where it appeared. And that required a standing army in quasi-peacetime of a sort that America had never experienced before, and Taft was profoundly uncomfortable with this.

my counterfactual is that, absent the Cold War, the New Deal, which we now regard as such a juggernaut, would be seen as a momentary blip like so many other progressive moments in American politics. And we would see it as a blip and not for what it became, which was a political order that dominated politics for 30 years.

So there’s been this conventional story of the New Deal era, which is that the fear of Communism, the fear of being painted as soft on Communism or soft on socialism, leads progressives to trim their sails, moderates the sort of left flank of New Dealism. You argue that that story misses what’s happening on the right.

the imperative of fighting the Communists caused Republicans to make even larger concessions than the Democrats did.” What were those concessions?

Well, the biggest concession was agreeing to an extraordinary system of progressive taxation.

The highest marginal tax rate in the 1940s during World War II reached 91 percent, a level that is inconceivable in America of the 21st century. Eisenhower wins the election in 1952. He has both houses of Congress. And quite extraordinarily, Eisenhower maintains the 91 percent taxation rate

I think what mattered to him was the Cold War. The Cold War had to be fought on two fronts: It had to be fought militarily — international containment of Communism — and that required enormous expenditures on national defense, which meant not simply a conventional army but the nuclear arms race.

Eisenhower understood that in order to win the ideological struggle of the Cold War — which was not simply an American-Soviet struggle, but it was a global struggle to convince all the peoples of what was then called the Third World to come with the capitalist way, to come with the American way. In order for that to happen, America had to demonstrate that it could give its ordinary citizens a good life.

America had to prove that it had the better system, and that meant you could not return to unrestrained American capitalism — you had to regulate it in the public interest.

And the other aspect of that, which he appreciated, was that in the 1950s, it was not clear whether the Soviet Union or the United States could provide a better life for its average citizen. The Soviet Union was still doing quite well in the 1950s.

And that meant taking money from the rich and redistributing it, narrowing the inequality between rich and poor. It meant supporting powerful labor movement and not trying to roll back the Wagner Act, which the labor movement regarded as its Magna Carta, a very strong piece of federal legislation that gave it unambiguous rights to organize and obligated employers to bargain collectively with them.

He felt that this had to be the way that America went. Maintenance of Social Security — really all the key New Deal reforms — he ended up maintaining because he thought this would be a critically important instrument for convincing not just ordinary Americans but people around the world that this would prove the superiority of the American way.

That is why he acquiesced to the New Deal order.

It’s a pervasive recognition among America’s business class. You say, “The fear of Communism made possible the class compromise between capital and labor that underwrote the New Deal order.”

And you say it wasn’t just here; this was also true in many of the social democracies in Europe after World War II. Tell me a bit about that class compromise and the role the Cold War played in it.

It is often said that socialism was weaker in America than it was elsewhere. And in many respects, that has been true.

The corollary of that is that the American business class historically has been bigger, more powerful, more unencumbered than the business classes of other nations, especially in Western Europe among America’s industrial rivals. There was no shortage of labor protest in America, but rarely could labor achieve what it wanted to achieve because the resistance was extraordinary, the resistance was legal, it was extralegal.

The national security argument is crucial to getting large segments of the Republican Party on board. For them, the greatest threat, both internationally and domestically, was the Communist threat. And thus, they were willing to extend themselves beyond a point where they otherwise would have gone

I argue that it was the fear of the Soviet Union. And what did the fear of the Soviet Union represent? The expropriation of all corporate capital in the world. That was the Communist dream. And that was deeply felt. And it was felt not simply in a global setting. It was felt within the United States itself,

The history of industrial relations in America was very violent. The business class in America had a reputation of being very powerful and aggressive and unwilling to share its power with its antagonists. So what was it that got them to share that power?

it’s really remarkable to look at how closely the R. and D. state was designed and sold, in terms of its ability to keep America ahead for national defense. It has its roots in World War II, and it continues building much off that rhetoric.

so there’s this interesting way, I think we think of the New Deal in terms of Social Security. We think of it in terms of some of these individual programs. But it is this thoroughgoing expansion of the government into all kinds of areas of American life. And the thing that allows the Republican Party to get on board with a lot of that is this idea that if you don’t do that, well, the Soviets are going to do it

And the business class felt that it was in its interests to compromise with organized labor in a way that it had never done before. That was the grand compromise. It was symbolized in a treaty in Detroit between the three automobile makers, then among the biggest corporations in America, and the United Auto Workers — the Treaty of Detroit — purchasing labor peace by granting unions, good wages, good conditions, good pensions, good health care. Absent the threat of Communism, I think that grand compromise either would not have been arrived at or it would have been scuttled much sooner than it was.

they’re going to have the highways, or they’re going to have the technological or scientific superiority, they’re going to make it to the moon, etc., and then America is going to be left behind.

The vast education bills that are going to propel the tremendous growth of American universities in the 1960s and 1970s — which you mentioned about R. and D. — has a similar propulsion

the scale of this would not have reached the point that it did without getting a lot of Republicans on board. And the critical argument for them was national security, and a critical event was Sputnik, when Soviet Union shocks the United States by putting into orbit a satellite before the United States had done it.

that is a shocking moment: Oh, my God, America is falling behind. We must bend every muscle to beating the Soviet Union in every way, and that requires tremendous investments because of satellite technology and R. and D., and also that becomes the foundation of what is going to become the I.T. industry and the I.T. revolution — also a product of the Cold War.

How does that order end?

There are three factors that pull this order apart. The first is race, the second is Vietnam, and the third is the major economic recession of the 1970s.

Every political order has tensions within it in the United States. And the great contradiction in the New Deal Party of Franklin Roosevelt was the treatment of African Americans. In order to have a new political economy of a big state managing private capital in the public interest, Roosevelt had to get the South on board, and the South meant the white South.

And the entire promise of Western Europe prosperity and American university had been premised on the flow of unending supplies of very cheap Middle Eastern oil — most of them controlled by U.S. and British oil companies. And Saudi Arabia and other oil-producing nations in the 1970s say: No, these are our resources. We will determine how much is drawn out of the ground and the prices that they will be charged.

That was then complicated by Vietnam, a vastly unpopular war — inaugurated and presided over by Democratic presidents who were perceived by their own constituents to not be telling the truth about this awful quagmire.

It also inaugurated trade-offs between funding a war and funding Johnson’s beloved Great Society. Inflation began to take off.

the third element was profound changes in the international political economy. One of the reasons why America was able to enter its grand compromise between capital and labor and pay labor very high wages was that America had no serious industrial competition in the world from the ’40s to the ’60s.

Most of the industrialized world had been destroyed. The U.S. is actively helping the recovery of Western European economies, Japan, promoting development in Southeast Asia, and in the 1970s, these economies begin to challenge American supremacy economically. The symbol of that is the rise of Japanese car manufacturers

Roosevelt assented to that. But this was also a time, especially in the 1940s, when African Americans were migrating in huge numbers to the North, and they were becoming a constituency in the Democratic Party. This was the first point of crisis, and the Democratic Party found itself unable to contain the racial conflicts that exploded in the 1960s.

The quadrupling of oil prices leads to a profound economic crisis, along with competition from European nations against the United States. And this plunges the United States into a very unexpected and profound — and long — economic crisis known as stagflation. Inflation and unemployment are going up at the same time

None of the textbooks say this should be happening. The tools are no longer working. And it’s in this moment of crisis, the Democratic Party — this is the third strike against it — opens up an opportunity for alternative politics, an alternative party, an alternative plan for American political economy.

that sort of leaves out something that is happening among Democrats at this time. There’s a movement inside of liberalism. There’s the New Deal Democratic order, but you develop this New Left, and there is a movement of liberals against big government — young liberals for reasons of self-expression, for reasons of civil rights, for reasons of this feeling that they’re being fed into a bureaucracy and giant soulless organizations and eventually into the meat grinder of Vietnam

older liberals who are angry about the sort of reckless growth and the poisoning of streams and the building of highways through their communities and the sort of ticky-tacky rise of these suburbs. And this predates Reagan

Yes, the New Left erupts on university campuses in the 1960s, and the two primary issues in the beginning are race and Vietnam. But they also quite quickly develop a critique of the established order.

What was called at the time the system

what was the system? The system was large American corporations who were no longer under control. And one reason they were no longer under control is they were being aided and abetted by a large federal state that was supposed to manage them in the public interest

the system was meant to identify not just the corporations who were doing ill in America, but it was meant to identify a federal state that was birthed in the optimism of the New Deal and had been corrupted. So you have this fissure within the Democratic Party itself.

The other element of this is this profound search for personal freedom and autonomy that was intensely felt by members of the New Left.

The computers were these enormous machines, mainframes, and they were seen as stultifying to human creativity. The personal computer movement was born on — as part of the New Left. Steve Jobs, Stewart Brand imagined a personal computer that would be free of the IBM mainframe, free of big corporations, big corporate power — that it would be the authentic voice of only every individual who would be using that machine.

It was a profound expression of a desire for personal autonomy, individuality, expressiveness — unconstrained by larger structures. This cry, or cri de coeur, came from the left. It was a very powerful part of the New Lef

ne can see how it might suit the purposes of a rising neoliberal order because the rising neoliberal order was also intent on deregulating, freeing individuals from the grip of large institutions and allowing them to go their own way.

Neoliberals believe that the best economic program is one that frees capitalism from its shackles, that allows people to truck, barter and exchange goods, that gets the government out of economic life. And the only role for government is to ensure that markets can function freely and robustly. So it runs opposite to the New Deal. If the core principle of the New Deal was: Capitalism left to its own devices would destroy itself. The core principle of neoliberalism: Remove the shackles from capitalism. That will bring us the most productive and freest world we can imagine.

I have a shorthand for describing the neoliberal world that was envisioned by neoliberal thinkers and brought by policymakers into existence. It’s what I sometimes call the four freedoms of neoliberalism: freedom of movement, people; freedom of goods to move across national boundaries; the free flow of information; and the free flow of capital across all boundaries.

In a perfect neoliberal world, people, goods, information and capital are moving freely without constraint. If we can imagine a perfect world that The Wall Street Journal wants, this would be pretty close to it.

I do not want to suggest for a moment that the New Left intentionally created neoliberalism. But it turned out that the cries of freedom, personal freedom, personal autonomy that were emanating from them turned out to be very conducive to the economic philosophy of neoliberalism.

Jimmy Carter is an heir to suspicion of excessive federal power. But I also think he’s grasping at this moment a point of transition in the American economy and a sense that government policy as set forth in the New Deal was not working as well as it should have been. I think it mattered that he was an engineer and he was doing a lot of cost-benefit analysis: What kind of yield are we getting for the bucks that we’re investing?

so he’s open to this fertile moment of dissent. He’s channeling new thinkers and imagining a different Democratic Party that you are correct in saying precedes Clinton by 20 years. And the key figure in this movement is a man by the name of Ralph Nader.

I think as I evaluate the Carter presidency, I see a man really caught in the throes of a moment of transition, able to glimpse what is coming but unable to master what is coming

what defines his presidency, for me, is uncertainty, vacillation and, thus, failure. He’s a classical transitional figure, more controlled by than in charge of the moment.

Nader is a man of the left, but he doesn’t fit in the old left or the New Left.

We might call him a man of the consumer left. For him, the key figure in American society was the consumer, and he wanted to champion the consumer. And his contributions — in terms of automobile safety, occupational safety, food safety — were immens

But he also executed a profound shift in ideology, and I’m not even sure how aware he was of the consequences of what he was generating. Because in the process of making the consumer sovereign, he deflected attention, I would say, from what was and what remains the core relationship in a capitalist economy, and that is in the realm of production and the relations between employers and employees

And he was reluctant, in some respects, to challenge corporate power if corporate power was serving the consumer in a good way. He anticipates, in some respects, a profound shift in antitrust policy, and the key figure in this is going to be Robert Bork in the 1980s and 1990s.

It had been an article of faith in American history that no corporation should be allowed to get too large, because they would inevitably exercise power in an undemocratic fashion. So antitrust meant breaking up big corporations. Under Robert Bork, the question changed. Big corporate power was OK as long as it served the consumer with cheap goods.

he and his supporters and his organizations deserve a lot of credit for holding the government accountable and making vast improvements in a whole host of areas — regulating the environment and other matters, regulating food — and compelling government to do the service that it does.

But it also distracts from understanding part of that which powers the rise of large corporations and gives them the ability to control government and capture regulatory agencies. And I think the results of his attacks on government have been ambivalent, in terms of their consequences: in some respects really accelerating the process of delivering goods to the American people and American consumers that they want but, on the other hand, contributing to an atmosphere of thinking the government can’t really do much that’s right.

As you move toward Reagan, certainly part of Ronald Reagan’s appeal is his anti-Communism.So how do you describe the role of the Soviet Union in this period of political time?

The collapse of the Soviet Union between 1989 and 1991 is one of the most stunning events, I think, of the 20th century and arguably much longer.

What were its consequences? First, it opened up the whole globe to capitalist penetration, to a degree that had not been available to capitalism since prior to World War I. And this generates a tremendous amount of belief and excitement and expansion and a good deal of arrogance and hubris within the capitalist citadel, which is the United States. So that’s one major consequence.

The second major consequence is: What does it mean for Communism no longer to exist as a threat? And what we begin to see in the 1990s is capital in America regaining the power, assurance, authority, belief in its unilateral power that it had, across the years of the Cold War, if not sacrificed, then moderated.

hat the Soviet Union had promised, what Communism had promised, was that private enterprise could be superseded by rational planning on the part of an enlightened set of rulers who could manage the economy in a way that benefited the masses in extraordinary ways.

That whole project fails, and it fails in a spectacular fashion.

Ronald Reagan had insisted that there was a continuum between Soviet government tyranny and what he regarded as New Deal government tyranny. They were on the same spectrum. One inevitably led to another. He and other Republicans, George H.W. Bush, the party as a whole take this as a great vindication of their core beliefs: that capitalism, which, under the New Deal, was sharply constrained, should be freed from constraint; its animal spirits allowed to soar; venture capitalists encouraged to go everywhere; investments made easy; lower taxation; let capitalists and capital drive America and the world economy, unconstrained by regulation.

these were the core ideas of neoliberals, which have been incubating for decades. And now suddenly these ideas seem to be vindicated. This is the moment of free market triumph.

it intersects in a very powerful way with the ongoing I.T. revolution, which is also bound up with the Soviet Union’s collapse. Because the Soviet Union was very hostile to the personal computer because it required a degree, at that time, of personal freedom that the Soviet Union wasn’t willing to allow what the I.T. revolution represented in the 1990s. And this is one of the reasons that Democrats get on board with it. What it represented was a belief that market perfection was now within human grasp, that there may have been a need for strong government in the past, because knowledge about markets was imperfect, it was limited, it took time for information about markets to travel, a lot of it was wrong, not enough of it was available instantaneously.

Well, suddenly in the 1990s, you have this dream, this vision of all economic knowledge in the world being available at your fingertips instantaneously and with a degree of depth and a range of statistics and figures that had been unimaginable, and a techno-utopianism takes hold

it’s the intersection of these two vectors — a sense that the collapse of the Soviet Union vindicates free market thinking and the I.T. revolution — that allows people to think market perfection is within our grasp in ways it never has been before, that pours fuel on the fire of neoliberal free market thinking.

You described Bill Clinton as the Dwight D. Eisenhower of neoliberalism. What do you mean by that, and what are some of the, for you, core examples?

When Bill Clinton was elected in 1992, no Democratic U.S. president had been elected since 1976. Sixteen years is an eternity in electoral politics in the United States. And the question becomes: Will he roll back the Reagan revolution of the 1980s — massive efforts at deregulation — or will he follow a path that Dwight Eisenhower followed in the early ’50s?

Clinton, in the beginning, is a little uncertain about what he is going to do. And he has some ambitious proposals in his first two years — most notably a vast program of national health insurance, which crashes spectacularly.

And then he gets punished for that venture severely in the 1994 congressional elections, which bring Newt Gingrich and a very right-wing group of Republicans to power — the first time that Republicans control both houses of Congress since 1952. It’s a huge achievement for the Republicans

Clinton reads that moment as signifying that the older Democratic Party of the New Deal, of Franklin Roosevelt and Lyndon Johnson, really had to be reworked and revamped.

the only way for him to win re-election, and the only way for the Democrats to hold on to national power and to regain it in Congress in 1996, is for him to acquiesce to some core Reaganite beliefs. And at the center of the Reaganite project was deregulation — which is a code word for getting the government out of economic affairs or curtailing government power.

Archived clip of President Bill Clinton: We know big government does not have all the answers. We know there’s not a program for every problem. We know and we have worked to give the American people a smaller, less bureaucratic government in Washington. And we have to give the American people one that lives within its means. The era of big government is over.

so Clinton signs off on the Telecommunications Act of 1996, which effectively deregulates the burgeoning I.T. sector of the economy, makes possible an unregulated internet. He signs off on the repeal of the Glass-Steagall Act in 1999.

The Glass-Steagall Act had divided investment from commercial banking and had imposed a kind of regulation on Wall Street that brought an end to the crazy speculation that had brought about the Great Depression in the first place. It was a core principle of the New Deal

He does not seek to revive the Fairness Doctrine, in terms of regulating public media, which had guided successive Democratic administrations: the idea that if a news outlet put out one side of a debate on a policy matter, they were obligated to give the other side equal access.

He becomes an advocate of deregulation and, in some respects, pushes deregulation further than Reagan himself had been able to do. And in that sense, he acquiesces to some of the core principles of the Reagan revolution rather than seeking to roll them back, and it is in that respect that I think it’s appropriate to think of him as a Democratic Eisenhower.

what one remembers most about those battles is how much Clinton and Newt Gingrich hated each other’s guts. And they were seen as being polar opposites.

Clinton, the representative of a New Left America: cosmopolitan, open to the liberation movements, looking for new ways of creating a new and diverse America, embracing sexual liberations — his embrace of gay rights was somewhat limited but still significant. Newt Gingrich, on the other hand, representing traditional Victorian America, wanting to reassert the patriarchal, heterosexual family, men at work, women in the home, religious.

one of the surprises, to me, in working on this book, because I remember those days very well, was the degree to which they worked together — on telecommunication, on reform of Wall Street, on welfare.

Clinton would claim, and his defenders would claim, that he was triangulating. He was trying to make the best of a bad deal, that popular opinion was running with free markets, was running with the Republicans. And to some extent, that was true.

the lesson that I draw from that moment is that one must refrain from always getting sucked into the daily battles over cultural issues.

“cosmopolitanism.” Something that was fresh, to me, in your book was this argument that in neoliberalism, you’re looking at more than just what we typically think of it as, which is an economic theory. You argue that there is a moral ethic that came alongside it, that is part of it. You talk about it as, at various times, cosmopolitan, individualistic. Tell me about it.

“Neoliberalism” is often defined, as you say, simply as being about markets and freeing them up

And “neoliberalism” is also defined as something that’s profoundly elitist in orientation, and it’s a device and an ideology used by elites to implant market ideology on a society in ways that deepens economic inequality and has the ability to strangle the democratic rights of the masses.

I also say that in America, it had a profound popular base. Reagan was an enormously successful president, and by “success,” I mean he was able to excite the imagination of majorities of American voters, and his core message was freedom.

half the time he meant freedom in terms of a free enterprise economy, but the other half of the time he meant freedom in terms of giving individuals the autonomy to go their own way.

he was not a fan of the liberation movements of the ’60s. But when Clinton becomes president in the 1990s, he has a profound connection to those liberation movements of the 1960s — to feminism, to sexual liberation, to civil rights.

he detects in a world in which everyone can travel to wherever they want to go. He valorizes immigrants. He valorizes diversity. These are all values that are profoundly compatible with the neoliberal vision. The opportunity to travel anywhere, to seek out personal adventure, to seek out different cultures.

This is a world that neoliberalism makes possible, and it’s a thrilling moment for many people who have the opportunity either to mix in the world of American cities, which have filled up with immigrants, or to travel abroad and experience other cultures.

A single global marketplace enables and encourages the kind of cosmopolitanism that people on the left-center side of the political spectrum in America have so deeply valued.

you locate the end of this era in the financial crisis of 2008 and 2009. Why?

The promise of neoliberalism was that it would lift all boats. There was an acknowledgment about those who were freeing the energies of the market economy that it would probably increase inequality, the distance between the rich and the poor, but that the increase in inequality wouldn’t matter because the forces of production that would be unleashed on a global scale would be so powerful and so profound that everybody would have more and everybody would have a better life.

And what the 2008-9 financial crisis exposed was first a lot of the market freedom that neoliberalism had unleashed had led to corrupt banking and financial practices that had brought the world to the edge of financial abyss of unimaginable proportions. We ended up skirting that abyss — but not by a lot.

on the other hand, it brought into view a sense of how profoundly unequal the access to power was under the neoliberal regime. And here it’s not so much the financial crash itself but the nature of what governments did to promote recovery from the financial crash.

The object in the U.S. and also in Europe became to save the banks first. The culprits of this financial crisis were the ones who were bailed out first. If you were an American in 2009, 2010, 2011, who had assets in the stock market, you had pretty much recovered your position by 2011, 2012. If you were not one of those fortunate Americans and you were living week to week on a paycheck, your recovery did not occur.

You didn’t reach pre-2008 levels until 2016, 2017, 2018, and people understood, profoundly, the inequality of recovery, and it caused them to look with a much more scrutinizing gaze at the inequalities that neoliberalism had generated and how those inequalities have become so embedded in government policy toward the rich and the poor.

one of the identity crises in the Republican Party — one reason the Republican Party is not held together better — is that the Soviet Union was fundamental to what made its various factions stay in place. And it was also, I think, fundamental to what kept the Republican Party, which at its core has a real anti-government streak, committed in any way to real government.

hen I think there’s a sort of casting about for another enemy. I think they end up finding it after 9/11, or think they have, in what they try to turn into global jihadism, and then it falls apart — both as the antagonist and as a project and just feels to me like another part of the sort of wreckage of this period that opens a way for something new.

That new thing, I think, is more Donald Trump than it is anything else.

I think it discredits what had been a core project of the Republican Party, which was to spread market freedom everywhere. When I teach the Iraq war, I tell my 20-year-old students that this is the worst foreign policy mistake in U.S. history, that it’s going to take the U.S. and the world 50 years to recover from. And it’s imbued with a neoliberal hubris that everyone in the world is simply waiting for the wonders of a market economy to unleash, to be unleashed upon them.

OK, if that era ended, what is being born?

there’s also new zones of agreement that have emerged. When I think about the way I covered politics in 2010, the legitimacy of elections could be taken for granted, and the legitimacy of the Affordable Care Act could not.

I think it’s useful in this moment of acute polarization to look at some of what lies beneath the polarization.

you’re right: On a series of issues there are intriguing conversations going on between Democrats and Republicans. China and tariffs are one area of agreement.

Ironically, immigration is becoming another area of agreement, regardless of who wins the election. One can imagine that the bill agreed to in the Senate late in 2023 could easily be implemented in some form.

here is an area of convergence on antitrust. Josh Hawley and Lena Khan seem to like each other and are finding some common ground on that. And the national security hawks in the G.O.P., people like Marco Rubio and Mitch McConnell, have converged with what we might call the industrial policy doves in the Democratic Party — people like Bernie Sanders — on the importance of reshoring critical sectors of manufacturing and on improving in dramatic ways the nation’s infrastructure.

we can see here a new political economy taking shape, one that breaks with the central principle of neoliberalism, which is that markets must lead and the only role for a state is to facilitate markets.

another element of that, which has been crucial to the ideological reorientation, is a new understanding of the relationship of free markets to democracy.

for the longest period of time, Americans and Europeans were willing to give China a blank check on their democracy, or on their violations of democracy, because of the belief that if market freedom and capitalist practices set down deep enough roots in China that people with economic freedom would want to add to that political freedom and that democracy would begin to flourish and that the Communist Party that rules China would either have to profoundly reform itself or see itself ushered from the political stage.

It’s hard to convince people now of how deeply rooted that belief was. No one in the Democratic or Republican Parties believes that anymore, and that has intensified the fear along with this “Oh, my God” sense that China is not simply producing ordinary goods. It’s producing very sophisticated goods. It’s cornering markets on electrical vehicles and batteries and solar panels that seemed unimaginable 15 or 20 years ago. And it has had the effect of profoundly shocking both parties.

that has completely transformed and the word “protectionism” is not being used because it’s such a negative term, but the sentiments that lie behind protectionism, which might be described more positively as fair trade, are profoundly with us and shape conversation about U.S. economic relations with China every day of the week.

So the change has been profound in both parties, and one of the surprises of the Biden administration, although in retrospect, it’s not so surprising, given the Biden administration’s commitment to industrial policy, is the continuity we see between Trump tariffs and Biden tariffs.

hey’ve also come, in many cases, to the view that we should have much more industrial policy: the sense that if you leave it to the market, China might, by using the government to foster and supercharge certain kinds of market pursuits in China, just lap us. I think it’s become the dominant view in both parties.

I would agree with that, although I think the Republican Party is probably more deeply split on this than the Democratic Party is. The Democratic Party arranged another kind of grand compromise between the left, represented by Bernie Sanders, and the center, represented by Joe Biden, which led to a profound commitment symbolized by Build Back Better, a $5 trillion project that was going to insert industrial policy into the heart of government economic relations in a way that marks the Biden administration as profoundly different from his Democratic predecessors, both Obama and Clinton.

I think the Republican Party does not have agreement on that to the same degree. And one of the interesting things to watch if Trump wins is how that internal fight in the Republican Party works itself out.

So the sort of ideological strain in the Republican Party that JD Vance is part of, this sort of more populist dimension of it: What they see markets and, particularly, free trade and trade with China and immigration as having violated is the strength of communities and families. They look around, and they see broken communities, hollowed-out communities.They see families where the male breadwinners have lost their jobs and lost their earning power, and so they’re not getting married, and there are divorces, and there are too many single-parent families

on the Democratic side, I think there’s some of the same views. There’s a lot of broken communities.

a huge part participant in this ideologically is climate change: the sense that markets would happily make people rich by cooking the planet. The market doesn’t know if the money is coming from, the profit is coming from, burning oil or laying down solar panels. And so once again, that some goal actually does need to be set. Markets can maybe serve our goals. They can serve our vision, but they can’t be assumed to get what we want right in the world.

And so the sense on both parties that you actually do need to define goals and define vision and that, ultimately, that is going to have to happen through government setting policy and making decisions — the primacy of that kind of dialogue now, the degree to which the first conversation is: What are we trying to achieve? That does feel different.

that speaks to the decisive nature of the election of 2016, which we will see the longer we get from it as a decisive inflection point, as really marking the end of the neoliberal order

It doesn’t mean that suddenly there are no more advocates of strong free markets. I think one of the questions now and one of the key questions for the Republican Party is: Can they get serious about this?

It requires them to have a serious program of political economy in a party that has lacked direction on political economy for quite some time.

You describe the sort of neoliberal era as bringing this much more cosmopolitan view of ethics, of morals and of America’s relationship with the world — a more sort of urbanist view. There’s a lot of connections between what it means to live in New York and to live in London and to live in Tokyo and to live in Hong Kong.

JD Vance is a good example of this — are much more skeptical of the individualistic moral structure that dominated here and that Republicans, for all the influence of the Christian right, largely left untouched.

it’s actually very complicated in both parties because Donald Trump is himself such a poor vehicle for a return of traditionalist virtue. But there is something happening here, a sort of questioning of not just government policy and industrial policy but: Did all this individualism work? Is a world where kids are on their smartphones all the time and families are having this much trouble — and did we get something more fundamental, almost spiritual, wrong?

he concern about the moral fiber of the American people is not new in the Republican Party. That goes back to Jerry Falwell, to some of the ministers who became popular in the 1990s and calling America back to moral virtue and identifying enemies of God.

The new element is a sense that one has to connect that concern for this kind of morality to a serious program of political economy, that it’s not enough simply to call on people to be virtuous.

t serious conservatives have to find a way to rebuild the economic foundation that lies at the root of so much immorality and so much despair in American life.

If that develops enough of a base in the Republican Party, then there becomes an opportunity to talk with Democrats about that, about family welfare, about the welfare of children, about creating institutions, both economic and social, that have the capacity to sustain communities in ways in which they have not been sustained.

There are some issues that run so deeply on questions of morality between Republicans and Democrats, it’s hard to see how they can find common ground. And probably the most important of these is on the question of abortion and reproductive rights. And to the extent to which JD Vance and his associates take their stand on this issue, the possibilities for developing a conversation about morality with liberals and Democrats are going to be very, very slim, indeed.

the things that I think would have once been framed in terms of Christianity are now framed in terms of classical virtue. There’s a sort of rediscovery of the Stoics, not the early Christians.

there’s something here where — obviously, efforts to remoralize America are not new — but this idea that we have gone wrong in modernity by becoming so individualistic seems to be gathering a fair amount of force.

My read of it is that the Christian right is just too weak and not sufficiently appealing to be the vehicle for it. And so these other aesthetic and ancient containers are being searched for, but there is some kind of pushback happening

I think you see a lot of interest among people in both parties around some of these tech regulations. But I think of that as sort of fundamentally moralistic.

he Christian right has become somewhat contaminated by its blind adherence to Trump and by its too great a willingness to plunge into politics with any messenger, no matter what moral qualities they’re exhibiting.

That there is a movement among conservatives to step back from that and to ground their morality in something deeper, more widespread, something that can appeal to a greater cross-section of Americans, regardless of whether they go to church or not

If there is a moral awakening underway that is not tied to instrumentalizing churches for strictly partisan purposes, which is one way of describing evangelicalism in the last 20, 25 years, then that would be new.

Sarah Igo, “The Known Citizen” — very different kind of book — “A History of Privacy in Modern America.” We’re talking about morality, we’re talking about community, and of course, social media has put the question of privacy and what constitutes privacy and what’s private and what’s public — such an urgent question in understanding America. And she gives us a wonderful hundred-year overview of how Americans in almost every generation have redefined the boundary between private and public, and I found that extremely useful in thinking about where America is at in the 21st century.