"Trump can happily accept the neoliberal agenda when it means privatising government agencies and commonly held assets. He is enthusiastic about deregulation and handing the private sector all the freedom it needs to exploit workers and resources to boost profits. But what Trump's America First agenda cannot live with is tariff-free trade. He also resists anti-trust and anti-corruption laws, low budget deficits, and the abolition of barriers to foreign investment that qualify as central tenets of the Washington consensus."
"A group of renowned economists joined this debate with the idea of seeking a new consensus around ideas and gaining evidence of what works when thinking about how economies thrive and prosper in the 21st century. The resulting book, just published, could prove to be a successor to the wishlist drawn up in Washington 36 years ago. It's a timely attempt to wrest back the economic agenda from the current chaos"
Donald Trump rejects many Washington consensus principles such as tariff-free trade, anti-trust enforcement, anti-corruption measures, low deficits, and open foreign investment, while supporting privatisation, deregulation, and corporate freedom to boost profits. Since the 2008 crash, skepticism about neoliberal outcomes has grown. A group of prominent economists convened in London under the London School of Economics to seek an alternative consensus grounded in evidence of what fosters 21st-century prosperity. A new book emerging from that work positions itself as a potential successor to the Washington wishlist and advances philosophical aims that contrast sharply with Trump's America First agenda.
Read at www.theguardian.com
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