Reagan and Thatcher and their neoliberalist ideology was probably the worst thing of the eighties, with massive cuts in public services, privatization, deregulation, anti-trade-union laws, etc. In the nineties, after the collapse of stalinism, neoliberalism got a further boost thanks to the general feeling of "there is no alternative" and "history has ended". This neoliberalism has lead to a major increase in inequality (rich getting richer, poor getting poorer) and a bubble economy which goes from one crisis to the next. And nearly all politicians are heavily influenced by reaganism and thatcherism, and still see no other cure for the problems neoliberalism created than to apply even more and harsher neoliberalism.