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 neoliberalism to seize control of economic agendas around the world.

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