this post was submitted on 31 Oct 2025
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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.