AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Is Capitalism Racist?
Intelligence Squared
Rise of Free Market Ideology
The rise of free market ideology can be traced back to a political situation in the mid-20th century characterized by the establishment of welfare state policies in Britain and the United States. Advocates of the free market began networking and developing alternative ideas to counter this situation. The 1970s crisis in the welfare state societies provided an opportunity for these ideas to gain political power, leading to the rise of leaders such as Thatcher and Reagan who dismantled the existing welfare system and established a highly individualized, competitive society based on free market principles. This shift has resulted in extreme inequalities and intense competition among individuals.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode