The Brexit vote in the UK and Donald Trump's victory in the US have both damaged the neoliberal project of the past three decades. Joseph Choonara questions the depth of neoliberalism's crisis and advocates continuing struggle against capitalism armed with clear socialist politics.
The global neoliberal order has suffered two wounding blows this year. First the Brexit vote removed from the European Union its second biggest economy. The howls from large capitalist firms, who overwhelmingly advocated a Remain vote, still echo. Now Donald Trump has won the US presidential election on the back of a campaign that promised to reverse the country’s longstanding commitment to free trade and to enact a major economic stimulus package.