Democrats are moving past neoliberalism — and to this view instead

It doesn’t require a lot of digging to wonder whether the laissez-faire, free market mantra of the past several decades has worked out as promised: Stock prices and corporate profits have far outpaced wage growth in the United States; lax antitrust enforcement has set the path toward enormous amounts of corporate concentration, often to the detriment of American consumers; inequality is a central fact of American society.

But if neoliberalism is failing, is there a vision to replace it? Specifically, a progressive vision coming from the left? A new set of papers says yes.