Thatcher, Reagan were the wrecking crew: How we pushed the current mess

This story is about the ideology that won. In the late 1970s and early 1980s, two politicians on either side of the Atlantic didn’t only win elections, they reshaped what people came to accept as “common sense.” Margaret Thatcher in Britain and Ronald Reagan in the United States did not invent capitalism’s worst tendencies, but they gave them state power, institutional infrastructure, and ideological legitimacy. What they built was not simply a set of policies, it was a social programme we are still trapped inside more than forty years later. The push was simple and devastating citizens became “taxpayers,” public services became “handouts,” collective investment became “inefficiency,” and the commons became a problem to be solved through privatisation. Decades of postwar social infrastructure – built on the understanding that some things are too important to be left to markets – were dismantled, defunded, and handed over to private interests -the very same interests funding the…