The admission that neoliberalism has failed in terms of its announced goals has forced its proponents to a tactical retreat–defending the broad thrust of the neoliberal policy agenda under cover of “reform.” The result is an augmented Washington Consensus that blames client states and not international institutions or transnational capital for the failures of neoliberalism. It is the poor who are expected to make still further adjustments along neoliberal lines. From this point of view, what comes after neoliberalism must be more neoliberalism.
