Establishing new economic-policy paradigms requires developing novel approaches, not just emulating the old. If productivism is to be successful, it will have to move beyond conventional social protection, industrial policies, and macroeconomic management.
CAMBRIDGE – I wrote recently about the possible emergence, from both the left and right of the political spectrum, of a new economic-policy paradigm that could supersede neoliberalism. The new framework gives governments and community organizations greater responsibility to shape investment and production – in support of good jobs, the climate transition, and more secure, resilient societies – and is much more suspicious of markets and large corporations than the outgoing paradigm is. I called it “productivism,” though others can no doubt think of sexier appellations.
CAMBRIDGE – I wrote recently about the possible emergence, from both the left and right of the political spectrum, of a new economic-policy paradigm that could supersede neoliberalism. The new framework gives governments and community organizations greater responsibility to shape investment and production – in support of good jobs, the climate transition, and more secure, resilient societies – and is much more suspicious of markets and large corporations than the outgoing paradigm is. I called it “productivism,” though others can no doubt think of sexier appellations.