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by RealityNow 3222 days ago
I think all those are contributing factors, and you're right - it's not just the result of one thing.

It seems to be the result of a successful PR campaign on behalf of economists like Milton Friedman and the wealthy elites who stood to gain from it. The 1973 oil crisis was a tumultuous time, and so it was a ripe time for a new ideology.

https://www.theguardian.com/news/2017/aug/18/neoliberalism-t...