welcome
Quillette

Quillette

Business

Business & Economics

'Neoliberalism has fuelled the rise of populism': How did it work?

Quillette
Summary
Nutrition label

73% Informative

Neoliberalism emerged in response to the failures of state-centred economic policies, writes Andrew Keen .

Keen: The countries that moved most swiftly and comprehensively toward markets experienced the best outcomes.

Keen argues that neoliberalism has fuelled the rise of populism in the United States by leaving some segments of the population economically behind economically.

The US has outperformed most developed nations in economic growth and job creation over the past few decades .

The rise of populism here is as much about cultural anxieties as it is about economic grievances.

The interwar years saw the rise of fascism and communism together with the Great Depression , while the 1970s marked the height of state-led economic planning and intervention.

VR Score

85

Informative language

90

Neutral language

48

Article tone

formal

Language

English

Language complexity

78

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

External references

23

https://en.wikipedia.org/wiki/Poverty_in_China?ref=quillette.com#:~:text=Poverty%20reduction,-See%20also%3A%20Moderately&text=China's%20lifting%20of%20more%20than,in%20inequality%20in%20modern%20history.&text=The%20whole%20reform%20program%20is,the%20%22open%20door%20policy%22.https://www.economist.com/graphic-detail/2025/02/28/hard-right-parties-are-now-europes-most-popular?ref=quillette.comhttps://en.wikipedia.org/wiki/Stagflation?ref=quillette.comhttps://www.economist.com/special-report/2024/10/14/the-american-economy-has-left-other-rich-countries-in-the-dust?ref=quillette.comhttps://www.nytimes.com/live/2025/04/11/business/trump-tariffs-stocks-china?ref=quillette.comhttps://www.youtube.com/watch?v=83vnTlllx1Q&ref=quillette.comhttps://en.wikipedia.org/wiki/Poverty_in_India?ref=quillette.comhttps://www.cato.org/policy-analysis/twenty-five-years-indian-economic-reform?ref=quillette.com#:~:text=India's%20economic%20reforms%20over%2025,the%20quality%20of%20its%20institutions.https://www.cato.org/cato-journal/winter-2020/phillips-curve-poor-guide-monetary-policy?ref=quillette.comhttps://www.cato.org/blog/benefits-chinas-market-reforms-opening-outside-world-should-not-be-forgotten?ref=quillette.comhttps://www.cato.org/cato-journal/fall-2020/fall-chile?ref=quillette.comhttp://www.econ.yale.edu/~shiller/pubs/p1089.pdf?ref=quillette.comhttps://www.cato.org/commentary/dead-hand-exchange-controls?ref=quillette.comhttps://humanprogress.org/trends/global-income-inequality-is-falling/?ref=quillette.comhttps://humanprogress.org/about/introduction-to-progress/?ref=quillette.comhttps://www.prri.org/research/white-working-class-attitudes-economy-trade-immigration-election-donald-trump/?ref=quillette.comhttps://humanprogress.org/democracys-recent-regress/?ref=quillette.comhttps://www.cato.org/policy-analysis/25-years-reforms-ex-communist-countries-fast-extensive-reforms-led-higher-growth?ref=quillette.comhttps://en.wikipedia.org/wiki/1997_Asian_financial_crisis?ref=quillette.comhttps://reason.com/2012/05/17/the-financial-crisis-was-the-result-of-g/?ref=quillette.comhttps://www.fraserinstitute.org/sites/default/files/2024-10/economic-freedom-of-the-world-2024.pdf?ref=quillette.comhttps://efotw.org/economic-freedom/graph?utm_source=chatgpt.com&geozone=world&page=graph&area1=1&area2=1&area3=1&area4=1&area5=1&type=line&max-year=2022&min-year=1970https://en.wikipedia.org/wiki/2008_financial_crisis?ref=quillette.com
Read full article