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The 1980s was meant to be the point of no return for the withdrawal of governments’ overbearing involvement in peoples’ lives. Thanks to strong-willed politicians, many Western democracies started to dismantle the welfare state that helped Europe recover from the devastation of World War II.
The free market economy was here to stay. The pushback of the public sector’s involvement in the economy, social services and regulation seemed irreversible. Momentum was added to the surge in raw capitalism when the collapse of the Soviet Union saw the dismantling of Eastern Europe’s planned economies. We were all meant to rejoice at the newly-gained freedom from the nanny state’s grip.