Neoliberalism’s Failure and What the Left Must Do
2025 Ellen Meiksins Wood Lecturer Grace Blakeley sits down with Luke Savage in for a conversation on the failures of neoliberal capitalism and what the left must do if it is to win the working-class.
2025 Ellen Meiksins Wood Lecturer Grace Blakeley sits down with Luke Savage in for a conversation on the failures of neoliberal capitalism and what the left must do if it is to win the working-class.

The 2025 Ellen Meiksins Wood Lecture was delivered by Grace Blakeley, illustrating why neoliberal capitalism has overruled democracy and why we must organize to take back democratic power for the working-class.

Ed Broadbent’s rich vision of democratic equality can and should continue to be our compass in this era of uncertainty and crisis. A barren technocratic liberalism may be ill-equipped to carry this out — but democratic socialism can.

The underlying dilemma of social democracy in the twenty-first century is that neoliberalism has failed while a coherent alternative has yet to be fully developed and embraced by most social democratic parties.

The Golden Age was marked by very strong economic growth and by close to full employment, resulting in steadily rising real wages and the expansion of the fiscal base needed to finance the growing welfare state.

By the inter-war period, social democracy had emerged in Canada as a more or less coherent ideological and political force.

Social democracy was not only about the welfare state and public services and expanding social rights, but also about regulated capitalism, economic democracy, or even transcendence of capitalism as an economic system.

What if the CCF-NDP’s history as a mass party and a democratic, membership-based movement for a better world is in fact its unique strength in Canadian politics?

Ed Broadbent and his co-authors spoke at the Toronto Reference Library to launch their new book on Canadian social democracy.


