Rise of Neoliberalism
What happened
The rise of neoliberalism in 1979, characterized by the policies of leaders like Margaret Thatcher in the UK and Ronald Reagan in the US, marked a significant shift toward free markets and deregulation. This economic philosophy emphasized individual entrepreneurship and reduced government intervention in the economy. The impact of neoliberalism has been profound, shaping global economic policies and debates on social welfare and inequality.
Literary impact
The rise of neoliberalism in 1979 prompted critiques in contemporary poetry that addressed themes of inequality, consumerism, and globalization. Poets like Claudia Rankine and others explored social justice, using their work to challenge the prevailing economic narratives and advocate for marginalized voices.
Source: Wikipedia