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Economics

Neoliberalism and the Restructuring of Welfare States

Quick fact

Before the 1970s, welfare states in many Western countries provided universal benefits as a right of citizenship; after the neoliberal turn, these benefits became increasingly targeted, conditional, and tied to labor market participation.

Why this is interesting

Imagine a country where the government's hand in the economy is suddenly seen as the problem, not the solution. That shift—now called neoliberalism—has quietly redrawn the boundaries of every modern welfare state.