Why Is This Happening? The Chris Hayes Podcast cover image

Joe Biden and the End of Reaganomics with Felicia Wong

Why Is This Happening? The Chris Hayes Podcast

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The Political Economy of the 1970s

John Avlon: I think about neoliberalism as being a reaction to chaos, right? Because before that, you actually had growth for the American middle class born of sort of Franklin Roosevelt's New Deal and post World War II economy. But what you started to see in the 1960s and through the 1970s was a kind of chaos on two fronts. And it also really meant that really the markets were going to deliver and government really should just get out of the way. That ultimately was the kind of world that Ronald Reagan and Margaret Thatcher ushered in at least in the US and then throughout much of the rest of the world.

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