A New Centrism Is Rising in Washington

David Leonhardt: “A defining quality of the new centrism is how much it differs from the centrism that guided Washington in the roughly quarter-century after the end of the Cold War, starting in the 1990s. That centrism — alternately called the Washington Consensus or neoliberalism — was based on the idea that market economics had triumphed.”

“The new centrism … is a recognition that neoliberalism failed to deliver.”