1979 and the birth of neoliberalism

In the late 1970s, after a decade of economic stagnation, western economies, accompanied by China, began the first steps towards the abandonment of the Bretton Woods system and social democracy. They replaced it with the current model of global economics, neoliberalism. Become a member at https://plus.acast.com/s/explaininghistory. Hosted on Acast. See acast.com/privacy for more information.