by Anthony Painter

The most infuriating aspect of recent political history is the way in which the old regime has reasserted itself so quickly. There is little doubt that the downside of neo-liberalism has been demonstrated in spectacular fashion. What is the response? Neo-liberalism.

A different way of doing things is desperately needed. It is not just about a different ideology, but also new institutions, a different way of thinking, of doing business, and of running an economy. At this time of enormous opportunity for change, the left has responded with sanctimonious triumphalism and off-the-shelf Keynesian social democracy. And so default neo-liberalism is winning. It doesn’t have to be this way.

Both Jeffrey Sachs and Umair Haque have constructed a credible alternative argument – one is aimed at US politics, though is relevant this side of the Atlantic too, and the other is aimed at business. Haque challenges business to be better; not more profitable but more meaningful. Sachs challenges society to be more “mindful” and politics to adhere to a greater ethic of good. This is all well and good, but it is in their practical arguments that both succeed – and make a contribution to helping us understand how we can shift our economy and society away from neo-liberalism. (more…)