A bimonthly podcast hosted by Professor David Harvey that looks at capitalism through a Marxist lens.
Season 3, Episode 14 — The Politics of Austerity of the 70s & 80s
In this episode, Prof. Harvey talks about the birth of the neoliberalism following the crisis of the 1970s. The vast government spending of the 1960s was replaced with fierce austerity measures imposed on the population, in an effort to bail out corporations and enable the wealthy elites to regain power and control. The neoliberal era was ushered in by political leaders like Reagan and Thatcher, who saw labor and high wages as a real threat to the capitalist class.
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Source URL — https://roarmag.org/2021/06/04/david-harvey-acc-s03e14/