Their successors are still in bed with neoliberalism. Yeah, that goes for Trudeau too - in spades. But that's not the worst of it. The real creepy part is that , today, they're in bed with a corpse and yet they're still just merrily shagging away.
A corpse, I say? Pay no heed to what I say but you might want to listen to those who are calling out our political necrophiles. People like John Ralston Saul who took neoliberalism's pulse a decade ago and found its once beating heart, globalism, stilled and dead.
Or, if Ralston Saul isn't to your liking, how about Joseph Eugene Stiglitz, economist extraordinaire, Nobel laureate and all?
Since the late 1980s and the so-called Washington Consensus, neoliberalism — essentially the idea that free trade, open markets, privatisation, deregulation, and reductions in government spending designed to increase the role of the private sector are the best ways to boost growth — has dominated the thinking of the world's biggest economies and international organisations like the International Monetary Fund and the World Bank.
The policies of Ronald Reagan and Clinton in the US and Margaret Thatcher in the UK are often held up as the gold standard of neoliberalism at work, while in recent years in Britain George Osborne and David Cameron's economic policies continued the neoliberal tradition.
Since the 2008 financial crisis, however, there has been a groundswell of opinion in both economic and political circles to suggest that the neoliberal consensus may not be the right way forward for the world. In the past few years, with growth low and inequality rampant, that groundswell has gained traction.
Stiglitz, who won a Nobel Memorial Prize in economics in 2001 for his work on information asymmetry, has been one of neoliberalism's biggest critics in recent years, and he says the "neoliberal euphoria" that has gripped the world since the 1980s is now gone.
In other words, Stiglitz says: "Neoliberalism is dead in both developing and developed countries."
Stiglitz is not alone in his belief that neoliberalism has its problems, though his argument that the consensus is "dead" is somewhat more forthright than those of many others. In a blog post in May, three economists from the IMF — long one of the greatest champions of the neoliberal consensus — questioned the efficacy of some aspects of it, particularly when it comes to the creation of inequality.
"There are a lot of people thinking the same thing at this point, that basically some aspects of the neoliberal agenda probably need a rethink," [Jonathan, Ottawa born son of Sylvia and Bernard] Ostry told the Financial Times on the day the blog was published, adding: "The crisis said: 'The way we've been thinking can't be right.'"
We are not thinking right, indeed. The evidence is all around us, inescapable. Yet not one of our political leaders, Trudeau included, has thought about slipping out of that bed and maybe taking a long, hot shower. Nope, it's their turn, and they've got some more shagging to do.
And there's the problem. Three decades of hard-thrusting neoliberalism has rendered statesmanship and leaders of vision, redundant and worthless. The political process, thanks to globalism, has been so neutered as to tolerate only technocrats like Harper and Trudeau. The way they're thinking can't be right. It isn't.