New Delhi, Dec. 22 -- The post-neoliberal consensus is here, but don't look for it in US President Donald Trump's policies. After a decade of backlash, it is time to accept not only that neoliberalism is dead, but also that a new consensus is taking its place.

Remarkably, significant segments of the left and the right in America have come to agree on the broad outlines of economic policy. Discussions in universities and think-tanks are driven today by a common understanding that departs significantly from the neoliberal orthodoxy of the last 50 years.

The first element of the new consensus is a recognition that the concentration of economic power has become excessive. The concern is expressed in different forms by different groups.

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