Keynesian Fordism and Neoliberal Financialization: A Note on the Transition Between Eras

Abstract

This paper, a supplement to the author's prior "Keynesian Fordism and Neoliberal Financialization: A Comparison of Economic Models," holds that the essentials of "Neoliberal Financialization" were in place by the early 1980s, and the structure increasingly completed over the remainder of the century. The paper also considers neoliberalism's development since, and holds that as of the turn of the 2020s, if unpopular and troubled, Neoliberal Financialization remains the world's predominant economic model as a practical matter, while any alternative remains remote from gaining actual political traction.

Keywords: Neoliberal Financialization, Keynesian Fordism, Economic History, Neoliberalism, Globalization