this post was submitted on 31 Oct 2025
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The neoliberalism ideology, put forward in the 1980s by Margaret Thatcher and Ronald Reagan, produced the collapse of the industrial complex in every country in the so called "western world". Since countries in Asia were much more populated and poor, western capitalists aimed at greater profits by transferring their production facilities to Asia and exploring the cheap (almost slave) labor.
As a consequence, massive unemployment and a degradation of work quality followed in the western societies. Since the local worker had become disposable, there was no need to sustain the social contract of welfare state, that is, the institutions created in the beginning of the XX century to maintain the readiness of workers to work, by providing education, health treatment, etc. This caused the decrease in the quality of life for the major part of the working-class citizen.
Turns out that Asian countries did not accept the role of "eternal slaves" dreamed by the western capitalist, and they managed to ride the wave and organize their societies. Thus the influence of western capitalists are decreasing globally and they are trying to create a "cold-war-like" atmosphere and reroute resources to military, so that they can impose their will by force on the Asian (and developing) countries.
One way of doing that is fascism. Stating their "national superiority" give them a god given right to subject others by force. And having this external enemy redirect the anger of the people away from the capitalists.
actually they were just the consequences of milton friedman and frederik hayek and their ridicilously stupid understanding of macro and micro economics. It all started in early 1970s (they were given a nobel economics prize in 1974...).
Margaret Thatcher and Ronald Reagan were just the symbolic puppets there.
Actually, Friedman and Hayek are ideologues. They created a theoretical body to justify the changes in policy the West started to apply during Thatcher and Reagan times (but first tried in Chile and other places). All those actors represent the growing financial capitalist elite, who took control the politics in most of the world, directly and indirectly.