Today in the US, as well as globally, we find ourselves in multiple reinforcing crises. There is a crisis of legitimacy in established institutions ranging from Congress, the presidency and the Supreme Court, to the media, the criminal legal system, organized religion, Wall Street banks and corporations. Along with this, there is a loss of belief in social mobility and fairness. The neoliberal ideology that has dominated public discourse for four decades has failed, and we are set adrift with no vision to replace it. We are in a mounting crisis of neoliberal capitalism and a political system unable to steer a way out of it.
We are in the midst of a great interregnum, a period when the old order can no longer hold and a new one cannot be born.
Read the entire article here: http://www.truth-out.org/news/item/44303-the-death-of-neoliberalism-is-an-opportunity-to-birth-a-new-system