Aussie economist Bill Mitchell patiently explains the history that has worsened labor's lives.
Full Transcript and intro in Naked Capitalism.
When did the social democrats become neoliberals? The conventional thinking is that Tories (Margaret Thatcher) and Republicans were at the root of the rise of neoliberalism. Not so.
James Callagan's Labor Government with Dennis Healy in '76-'79 - was the first Monetarist UK government
Jimmy Carter pioneered deregulation, deregulating trucking and airlines--not incidentlly throwing unions under the bus before Reagan fired the air traffic controllers. Teamsters endorsed Reagan in the next election.
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