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Explaining History

The American neoliberal counter revolution 1971-80

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Welcome to the Explaining History Podcast. In this episode, we dive into the American neoliberal counter revolution of the 1970s, a period of profound political and economic change that continues to shape the world we live in today.


During this decade, a new political and economic philosophy emerged, driven by figures like Milton Friedman and the Chicago School of Economics, that sought to roll back the gains of the New Deal and reassert the power of the free market. This movement, called neoliberalism, would have profound effects on American society and on the rest of the world.


In this episode, we explore the key figures and ideas that drove the neoliberal counter revolution, from the deregulation of industries to the privatization of public services, and the resulting increase in income inequality and economic instability. We also examine the political and cultural shifts that accompanied these changes, including the rise of the conservative movement and the decline of labour unions.


Join us as we uncover the complex and often contentious history of the American neoliberal counter revolution of the 1970s, and its lasting impact on our society and economy.


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