In this episode of Bloomberg's Trumponomics podcast, Stephanie Flanders interviews Noah Smith, an economics columnist, about whether Democrats should revert to neoliberalism as an alternative to Trumponomics. They discuss the successes and failures of neoliberal policies under Clinton and Obama, the impact of global and technological forces, and the challenges of debt and austerity. Smith argues that while neoliberalism isn't perfect, its critics have failed to demonstrate why it should be abandoned. He suggests that current anger is rooted more in social and cultural issues than economic ones, and that competence and capacity in governance are more important than ideological crusades. They also touch on the failures of progressive governance at the state and local levels, particularly in areas like housing and public services.
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