He disregards the important German Ordoliberalen, but the attack on neoliberalism is well taken.
Neoliberalism failed to bring proper recovery (from the viewpoint of the many); and in any case came chiefly to mark the Anglophone countries along with the now globalized and enormously expanded financial sector.
Neo-Keynesian success brought its own downfall in over-accumulation, over-production, and sundry other dislocations: OPEC price hikes in oil, stagflation, the beginnings of financialization, the transfer of production to low-wage areas, the end of social compromise and the appearance of the disastrous, neoliberal solution of market fundamentalism that would reach its peak in the 1980s and 90s.
Neo-Keynesian success brought its own downfall in over-accumulation, over-production, and sundry other dislocations: OPEC price hikes in oil, stagflation, the beginnings of financialization, the transfer of production to low-wage areas, the end of social compromise and the appearance of the disastrous, neoliberal solution of market fundamentalism that would reach its peak in the 1980s and 90s.
Lessons learnt and the demands of sacrificing masses forced advanced capitalism after the War into a golden age of reform and relative equality, regulated by cooperating nation-states under the benign hegemony of the US and by the framework of the Bretton Woods system.
