Life was easier in politics during the 40 years of neoliberal globalisation, as it would set strict limits for what the politicians could do. Whatever they proposed, they had to argue that the markets, and in particular the hyper-mobile international capital, would accept it. With the demise of neoliberal globalisation we have a new situation.

After being the dominant policy globally for 40 years, the neoliberal globalisation has been discretely ditched by the advanced economies. However, this doesn’t mean a general abandonment of neoliberalism, but rather a modification of how globalisation works. The main other elements of neoliberalism are still intact, but there may be some new opportunities for policies in favour of common people. Maybe. Or maybe not.