last time, all it took for the world to take just one step back from laissez-faire capitalism was
- democracies collapsing all over europe
- the great depression
- a world war (or maybe two)
- threat of imminent communist revolutions
The new deal era ended and neoliberalism took over because we had some inflation off and on for about 9 years.
Don't forget a devastating global pandemic! But for real, not only had these countries been destroyed twice and seen liberal democracy fail all around them, they also had a militant and organized working class made up of men who were experienced in extremely brutal warfare. Not to do haram generational politics but these dudes weren't fucking scared of a war, they had just fight two of them and didn't get shit out of them. What's one more, especially if you stand to gain everything?