Upend the trickle-down

In the early 1980s, the United States under President Ronald Reagan and the United Kingdom under Prime Minister Margaret Thatcher introduced neoliberalism, a political and economic ideology advocating for smaller government, industry deregulation, tax cuts, and reduced social spending.

Reagan's administration adopted the Mandate for Leadership, a 3,000-page document from the conservative Heritage Foundation, which became the blueprint for neoliberal reforms.

By 1982, 60% of its proposals had been implemented, influencing global policy.

Neoliberalism prioritized market freedom over state intervention, aiming to boost economic growth through private sector expansion.

This shift marked a departure from post-World War II policies that emphasized public investment and social welfare.