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Throughout history, economic ideology has swung from one end of the pendulum to the other, from the reification of markets to reliance on states and then back again. Superficially, we appear to be in the midst of one of these periodic realignments. It was perhaps inevitable that the excesses of neoliberalism – the increase in inequality, concentration of corporate power, neglect of the threats to the physical and social environment – would cause a backlash.