In the aftermath of the Second World War a set of global institutions allied with a social democratic shift in several leading world economies to create a relatively stable post war economic order. The long and bitter memories of the 1930s and the destruction of the Second World War gave rise to this post war new order. By the 1970s this had started to fall into decline and provide opportunities for the political and economic insurrectionaries of neoliberalismSupply Side Economics Full Description:Supply-Side Economics posits that production (supply) is the key to economic prosperity. Proponents argue that by reducing the “burden” of taxes on the wealthy and removing regulatory barriers for corporations, investment will increase, creating jobs and expanding the economy. Key Policies: Tax Cuts: Specifically for high-income earners and corporations, under the premise that this releases capital for investment. Deregulation: Removing environmental, labor, and safety protections to lower the cost of doing business. Critical Perspective:Historical analysis suggests that supply-side policies rarely lead to the promised broad-based prosperity. Instead, they often result in massive budget deficits (starving the state of revenue) and a dramatic concentration of wealth at the top. Critics argue the “trickle-down” effect is a myth used to justify the upward redistribution of wealth. to seize control of economic agendas around the world.

Explaining History helps you understand the 20th Century through critical conversations and expert interviews. We connect the past to the present. If you enjoy the show, please subscribe and share.

▸ Support the Show & Get Exclusive Content

Become a Patron: patreon.com/explaininghistory

▸ Join the Community & Continue the Conversation

Facebook Group: facebook.com/groups/ExplainingHistoryPodcast

Substack: theexplaininghistorypodcast.substack.com

▸ Read Articles & Go Deeper

Website: explaininghistory.org