With one budget, Freeland overturned 3 decades of political orthodoxy

DM

The Liberals think Canadians are ready to move on from the Reagan-Thatcher school of small government. Nearly seven years ago, a rookie politician surveyed the political landscape across the democratic world and saw the outlines of a new era. “What we are seeing, in both Western Europe and North America, is the end of the Reagan/Thatcher era and of the political ideas that created it,” Chrystia Freeland wrote at the time. While in power, U.S. President Ronald Reagan and U.K. Prime Minister Margaret Thatcher personified an anti-government agenda that prioritized cutting taxes, repealing regulation, shrinking the state and deferring to the market. For nearly three decades that agenda held sway in the West, reining in the governing visions of even liberal politicians.

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