Yes, that's a concise description. The rise of neoliberalism and the theory of trickle-down economics (which was brought into mainstream politics by the Reagan-administration) has increased inequality in all of the industrialised world. But nowhere are the effects seen more acutely in the political discourse then in America since they simply don't have a political left to even counter this rhetoric. The left in all of the industrialised world have been affected by neoliberalist theories too, but they have never completely abandoned the basic premise that a social safety-net is the right of every citizen.
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@skx0221
Yes, that's a concise description. The rise of neoliberalism and the theory of trickle-down economics (which was brought into mainstream politics by the Reagan-administration) has increased inequality in all of the industrialised world. But nowhere are the effects seen more acutely in the political discourse then in America since they simply don't have a political left to even counter this rhetoric. The left in all of the industrialised world have been affected by neoliberalist theories too, but they have never completely abandoned the basic premise that a social safety-net is the right of every citizen.