ABSTRACT

We next touch ground almost halfway through U.S. president Bill Clinton’s two terms and fifteen years into the reign of the Washington Consensus. It is a moment in time that speaks volumes to both the persistence and the adaptability of neoliberalism. Contrary to popular assumptions that the Republican Party is the main party of big business and contrary to our urgings in the last chapter, Clinton’s Democratic administration embraced the Washington Consensus and sold it domestically as being good for U.S. business interests overseas and hence good for the United States.