What I really wanted to talk about is neo-liberalism since the 1970s, an ultra-form of market-driven capitalism with little state interference – unless it is needed. Here’s a formal definition: Neoliberalism is characterized by free market trade, deregulation of financial markets, individualisation, and the shift away from state welfare provision. Since the 1990s the term has been consistently used in academia to imply the move from welfare state to laissez faire economic management, particularly associated with the promotion of free market ideals in the late 1980s by Margaret Thatcher in the UK and Ronald Reagan in the US.
The interesting rise of Bernie Sanders and AOC are a counter-reaction to neoliberalism. Note there are intersections between some of the positions of both Sanders and Trump – an estimated 30% of Bernie supporters went for Trump in 2016.