Levy Institute grad students' blog that is unabashedly leftist.
The ascent of conservative capitalism- in the US under Reagan and George Bush Sr. and in the UK under Thatcher- meant tax cuts, the erosion of labor unions, and new regulations imposed on the economy. These economic regime changes were based on the mainstream theoretical presupposition that what we really needed to do was create an economic environment conducive to unbarred corporate innovation and investment and eagerly accept international policy which, together, opened the proverbial floodgates allowing neoliberalism to leak all over the globe. What a mess.I would take issue with the phase, "allowing neoliberalism to leak all over the globe." The reality is that this was the intention, and it was imposed internationally by the Anglo-American interests, that is to say, the international finance and translational corporatism the rule the US and UK, along with the deep state bent on global hegemony.
"Allow neoliberalism to leak all over the globe" is not correct way to characterize this. This suggests the natural order that is supposed to arise spontaneously with liberalization, deregulation and privatization, whereas the reality is that neoliberalism was imposed domestically and internationally through oligarchic, plutocratic and militaristic rule masquerading as democracy and government of, by and for the people, in which the elected government acts in the interest of all and spreads the benefits of liberty internationally.
Class Interests & Discordant Politics: Brexit & the Trump Campaign