The Rise and Fall (and Rise?) of Neoliberalism: An Incomplete Regime Change

This article traces the evolution of the term 'regime change,' from its initial meaning of the post-WWII neoliberal order spearheaded by the US, to its current association with military interventions. It examines the rise, development, and post-2008 crisis of neoliberalism. Despite massive Keynesian interventions after the crisis, core neoliberal principles remained, exacerbating inequality. Right- and left-wing populist movements emerged, challenging the status quo, but lacked a clear alternative. The author argues that only a major external shock could trigger a true 'regime change' in the West, breaking free from neoliberalism's grip.