Martin Daunton

Martin Daunton, a historian and economic expert, dives into the turbulent 1970s, exploring the oil shocks and the emergence of neoliberalism. He discusses the Nixon shock and the end of the Bretton Woods system, highlighting currency tensions and the subsequent rise of floating rates. Daunton explains OPEC's impact on global economics, the cultural shift toward individualism, and the pivotal roles of Thatcher and Reagan in neoliberal policy. He concludes with reflections on the long-term changes in capitalism and the looming energy risks today.