Just as neoliberalism is finally on its knees, so too is the left | Josh Bornstein

Progressive parties have overwhelmingly failed to develop alternative policies. Listening to a modern progressive politician is like taking a tepid bath

The 10th anniversary of the global financial crisis looms this year, which means it's almost a decade since neoliberal economics began to fall apart. The crisis spawned a global recession, the near collapse of global finance and the subsequent eurozone crisis as governments incurred huge debts amid efforts to rescue the hapless banking industry.

The then Australian prime minister, Kevin Rudd, observed in the immediate aftermath:

The current crisis is the culmination of a 30-year domination of economic policy by a free-market ideology that has been variously called neoliberalism, economic liberalism, economic fundamentalism, Thatcherism or the Washington consensus. The central thrust of this ideology has been that government activity should be constrained, and ultimately replaced, by market forces.

Related: We are unlikely to spot next financial crisis, Bank of England official says

Related: Neoliberalism - the ideology at the root of all our problems

Related: You're witnessing the death of neoliberalism - from within | Aditya Chakrabortty