For communities around the world, especially in the global south, it’s been clear for decades that the neoliberal “Washington Consensus,” which emerged in the 1980s and focused on deregulation, privatization, austerity, and trade liberalization, was a predatory and destructive model.
For communities around the world, especially in the global south, it’s been clear for decades that the neoliberal “Washington Consensus,” which emerged in the 1980s and focused on deregulation, privatization, austerity, and trade liberalization, was a predatory and destructive model.
The unfairness of this system was the message of the global justice movement that protested global north-controlled economic institutions like the World Trade Organization, World Bank, and International Monetary Fund in the 1990s and early 2000s. The same ideas have powered multiple waves of global protest since then, including Occupy Wall Street. The system of neoliberalism inspired outrage for being prone to corruption, unresponsive government, environmental destruction, and elite self-dealing—for creating safety net for the rich and doling out market discipline for everyone else.
For four decades, the dominant view in both U.S. parties was a neoliberal approach to economics at home and abroad. But April 27, 2023, marked the day that the global justice movement’s memo finally landed in Washington. National Security Advisor Jake Sullivan gave the most significant foreign policy speech thus far by any Biden administration official. It effectively announced that the era of neoliberal foreign policy is over.
In doing so, it hearkened back to April 2021, when President Biden marked the first 100 days of his administration with an address to a joint meeting of Congress. While mo ..
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 to the Oval Office of the White House in Washington on July 27, 2021.){kind=link}