Neoliberalism has had an enormous influence on the world, driving policy and governance at the national and international level, particularly since the 1980s, when it was championed by the Reagan administration in the United States and the Thatcher government in the United Kingdom.
It has been associated with programs of economic deregulation, privatisation of state-owned enterprises, massive tax cuts for businesses and high-income earners, reduction of social services and welfare programs, anti-unionisation, and the independence of monetary policy.
