
Since 1968, global politics has been shaped by a complex interplay of dominant forces, including the United States and the Soviet Union during the Cold War era, followed by the rise of neoliberalism and American hegemony post-1991. In the West, conservative and centrist parties often held sway, with figures like Ronald Reagan, Margaret Thatcher, and Bill Clinton defining economic and social policies. Meanwhile, in the developing world, authoritarian regimes and liberation movements vied for power, with China’s gradual rise as a global superpower becoming increasingly evident. The late 20th and early 21st centuries also saw the influence of multinational corporations and international institutions like the EU and NATO, alongside the growing impact of populist and nationalist movements in recent decades. This period reflects a shifting balance of power, marked by both continuity and transformation in political dominance.
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What You'll Learn
- Rise of Conservatism: Reagan, Thatcher, and neoliberal policies reshaped global politics post-1968
- End of Cold War: Collapse of USSR and shift to unipolar US dominance
- Globalization Impact: Economic integration and multinational corporations influencing political decisions worldwide
- Populism Surge: Anti-establishment movements gaining power in Europe, Americas, and beyond
- Identity Politics: Race, gender, and religion becoming central to political discourse and conflict

Rise of Conservatism: Reagan, Thatcher, and neoliberal policies reshaped global politics post-1968
The period following 1968 witnessed a significant shift in global politics, marked by the rise of conservatism and the ascendancy of leaders like Ronald Reagan in the United States and Margaret Thatcher in the United Kingdom. These figures, along with their neoliberal policies, reshaped the political landscape, moving away from the Keynesian economic models and welfare state ideologies that had dominated the post-World War II era. Reagan and Thatcher championed free-market capitalism, deregulation, and reduced government intervention, which became the cornerstone of their political agendas. Their influence extended beyond their respective countries, setting the stage for a global conservative movement that prioritized individual liberty, economic efficiency, and a rollback of state control.
Ronald Reagan, elected U.S. President in 1980, embodied the conservative resurgence in America. His presidency was characterized by sweeping tax cuts, deregulation of industries, and a significant increase in military spending. Reagan's economic policies, often referred to as "Reaganomics," aimed to stimulate economic growth by reducing barriers to business and encouraging private investment. His confrontational stance toward the Soviet Union, coupled with his advocacy for American exceptionalism, also redefined U.S. foreign policy. Reagan's ability to communicate his vision effectively made him a transformative figure, not just in American politics but also on the world stage, as his ideas influenced leaders and movements across the globe.
Across the Atlantic, Margaret Thatcher, who became Prime Minister of the United Kingdom in 1979, mirrored Reagan's conservative ideals. Thatcher's policies, known as "Thatcherism," focused on privatizing state-owned industries, curbing the power of trade unions, and reducing public spending. Her determination to overhaul the British economy and society earned her the nickname "The Iron Lady." Thatcher's leadership during the Falklands War further solidified her reputation as a strong and decisive leader. Like Reagan, her influence extended beyond her nation, as her neoliberal policies became a blueprint for conservative governments worldwide, emphasizing self-reliance and market-driven solutions over collective welfare.
The synergy between Reagan and Thatcher created a powerful transatlantic alliance that accelerated the global shift toward conservatism and neoliberalism. Their shared commitment to free markets and limited government resonated with leaders in other countries, leading to similar policy changes in regions as diverse as Latin America, Eastern Europe, and Asia. The fall of the Berlin Wall in 1989 and the subsequent collapse of the Soviet Union further validated their ideologies, as capitalism and democracy appeared triumphant over communism. This era marked the beginning of a new world order, with neoliberal policies dominating economic and political discourse.
The legacy of Reagan, Thatcher, and their neoliberal policies continues to shape global politics today. While their reforms spurred economic growth and innovation, they also exacerbated inequality and weakened social safety nets in many countries. The rise of conservatism post-1968 redefined the role of government, prioritizing market forces over state intervention. This shift has had lasting implications, influencing debates on taxation, healthcare, education, and labor rights. As the world grapples with the consequences of these policies, the era of Reagan and Thatcher remains a pivotal moment in understanding the dominance of conservatism in modern political history.
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End of Cold War: Collapse of USSR and shift to unipolar US dominance
The end of the Cold War marked a seismic shift in global politics, culminating in the collapse of the Soviet Union (USSR) and the emergence of the United States as the world's sole superpower. This period, which unfolded primarily in the late 1980s and early 1990s, reshaped the international order and solidified U.S. dominance in ways that continue to influence global politics today. The roots of this transformation can be traced to the economic, political, and ideological strains within the USSR, coupled with the strategic pressures exerted by the U.S. under leaders like Ronald Reagan. Reagan's aggressive military buildup, encapsulated in initiatives like the Strategic Defense Initiative (SDI), strained the Soviet economy, which was already struggling under the weight of inefficiency, corruption, and the costly arms race.
The collapse of the USSR in 1991 was a pivotal moment that signaled the end of bipolarity and the beginning of unipolar U.S. dominance. Mikhail Gorbachev's policies of *glasnost* (openness) and *perestroika* (restructuring) aimed to reform the Soviet system but inadvertently accelerated its disintegration. The fall of the Berlin Wall in 1989 symbolized the unraveling of Soviet influence in Eastern Europe, as communist regimes collapsed one after another. With the USSR's dissolution, the U.S. stood unrivaled, its military, economic, and cultural power unchallenged on the global stage. This shift was further reinforced by the integration of former Soviet republics and Eastern Bloc nations into Western institutions, such as NATO and the European Union, which expanded U.S. and Western influence.
The unipolar moment allowed the U.S. to shape global politics according to its interests and values. The 1990s saw the U.S. take a leading role in international crises, such as the Gulf War in 1991, where it demonstrated its military prowess and willingness to enforce a new world order. Economically, the U.S. promoted neoliberal policies, free markets, and globalization, often through institutions like the International Monetary Fund (IMF) and the World Bank. Culturally, American soft power—through Hollywood, technology, and higher education—further cemented its global influence. This era also saw the U.S. position itself as the arbiter of international norms, championing democracy and human rights as universal values.
However, the unipolar dominance of the U.S. was not without challenges. The absence of a counterbalancing power led to criticisms of U.S. unilateralism, particularly in the post-9/11 era, where interventions in Afghanistan and Iraq highlighted the limits of American power. Additionally, the rise of China, the resurgence of Russia, and the growing influence of non-state actors have since challenged the unipolar order. Nonetheless, from 1968 to the present, the collapse of the USSR and the subsequent U.S. dominance have been defining features of global politics, shaping alliances, conflicts, and the very structure of the international system.
In conclusion, the end of the Cold War and the collapse of the USSR marked the beginning of an era of unipolar U.S. dominance that has profoundly shaped global politics since 1968. This period was characterized by the U.S. leveraging its military, economic, and cultural power to redefine the international order. While challenges to this dominance have emerged, the legacy of this era continues to influence geopolitical dynamics, making it a critical chapter in understanding who has dominated global politics in recent decades.
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Globalization Impact: Economic integration and multinational corporations influencing political decisions worldwide
Since 1968, the world has witnessed a profound shift in the dynamics of political power, largely driven by the forces of globalization. Economic integration and the rise of multinational corporations (MNCs) have emerged as dominant factors influencing political decisions across the globe. This period has seen the erosion of traditional nation-state boundaries, as economies have become increasingly interconnected through trade, investment, and technological advancements. The Bretton Woods system's collapse in the early 1970s and the subsequent rise of neoliberal policies further accelerated this trend, fostering an environment where MNCs could thrive and exert significant influence on political agendas.
Economic integration, facilitated by agreements like the General Agreement on Tariffs and Trade (GATT) and its successor, the World Trade Organization (WTO), has created a global marketplace where goods, services, and capital flow freely. This integration has empowered MNCs to operate across borders, often with revenues surpassing the GDPs of many nations. As these corporations expanded, they gained the ability to shape policies in their favor, leveraging their economic clout to lobby governments, influence regulations, and even dictate terms in trade agreements. For instance, MNCs have been instrumental in pushing for lower tariffs, intellectual property protections, and labor standards that align with their interests, often at the expense of local industries and workers.
The political influence of MNCs is further amplified by their role in shaping international institutions and frameworks. Organizations like the International Monetary Fund (IMF) and the World Bank, which have been pivotal in global economic governance since 1968, often advocate policies that prioritize market liberalization and privatization. These policies, while fostering economic growth in many cases, have also led to increased inequality and the concentration of wealth in the hands of a few. MNCs have effectively used these institutions to secure favorable conditions for their operations, often sidelining the interests of developing nations and marginalized communities.
Moreover, the rise of global supply chains has entrenched MNCs in the political fabric of numerous countries. By controlling critical nodes in these supply chains, corporations can exert pressure on governments to maintain policies that ensure their profitability. This dynamic is particularly evident in industries like technology, pharmaceuticals, and energy, where MNCs hold significant monopolistic power. Governments, fearing capital flight or economic destabilization, often acquiesce to corporate demands, leading to a situation where MNCs effectively co-opt national policies to serve their global strategies.
The impact of economic integration and MNCs on political decisions is also evident in the realm of environmental and social policies. While globalization has spurred economic growth, it has also exacerbated environmental degradation and social inequalities. MNCs, driven by profit motives, have often resisted stringent environmental regulations or labor standards that could increase their costs. This resistance has forced governments to balance economic growth with sustainability, often tilting the scales in favor of corporate interests. The result is a global political landscape where the priorities of MNCs frequently overshadow the needs of local populations and the planet.
In conclusion, since 1968, globalization has reshaped the political landscape, with economic integration and multinational corporations emerging as dominant forces. Their influence extends beyond mere economic activities, permeating the very core of political decision-making worldwide. As MNCs continue to expand their reach, the challenge for governments lies in reclaiming policy space to address the inequities and externalities generated by this globalized economic order. The interplay between economic power and political authority will undoubtedly remain a defining feature of the 21st century.
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Populism Surge: Anti-establishment movements gaining power in Europe, Americas, and beyond
Since the late 20th century, the global political landscape has witnessed a significant shift with the rise of populism, marking a departure from traditional establishment-dominated politics. This phenomenon, often characterized by anti-establishment rhetoric and a claim to represent the "common people" against the "elite," has gained momentum across Europe, the Americas, and other regions. The surge in populism can be traced back to various socio-economic and political factors that have reshaped public sentiment and electoral outcomes.
In Europe, the populist wave has been particularly pronounced, with both left-wing and right-wing movements challenging the status quo. Countries like Italy, with the Five Star Movement, and Hungary, under Viktor Orbán's Fidesz party, exemplify this trend. These movements often capitalize on public dissatisfaction with the European Union, immigration policies, and economic inequalities. The Brexit vote in the United Kingdom in 2016 is another landmark event, driven by populist sentiments that prioritized national sovereignty over European integration. This anti-establishment fervor has led to significant political realignments, often at the expense of centrist and traditional parties.
Across the Americas, populism has taken a distinct yet equally impactful form. In the United States, the election of Donald Trump in 2016 symbolized a rejection of the political establishment, with his campaign resonating with voters who felt left behind by globalization and political elites. Similarly, in Latin America, leaders like Hugo Chávez in Venezuela and Jair Bolsonaro in Brazil have harnessed populist rhetoric to consolidate power, often amid polarization and controversy. These movements frequently appeal to nationalism, economic protectionism, and cultural conservatism, tapping into widespread discontent with corruption and inequality.
Beyond Europe and the Americas, populism has also made inroads in other parts of the world. In India, the Bharatiya Janata Party (BJP) under Narendra Modi has leveraged populist and nationalist narratives to maintain dominance. In the Philippines, Rodrigo Duterte's presidency has been marked by anti-establishment rhetoric and controversial policies. These cases highlight how populism adapts to local contexts while sharing a common core of challenging traditional power structures and appealing directly to the masses.
The global rise of populism reflects deeper structural issues, including economic disparities, cultural anxieties, and a crisis of trust in institutions. As anti-establishment movements continue to gain power, they reshape political norms, often leading to increased polarization and uncertainty. Understanding this surge requires examining the interplay between grassroots frustrations and the strategic mobilization of populist leaders. While populism offers a voice to marginalized groups, its long-term implications for democracy and governance remain a subject of intense debate.
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Identity Politics: Race, gender, and religion becoming central to political discourse and conflict
Since 1968, identity politics—encompassing race, gender, and religion—has become increasingly central to political discourse and conflict, reshaping the landscape of global politics. The civil rights and feminist movements of the late 1960s and 1970s laid the groundwork for marginalized groups to assert their identities and demand political representation. Racial identity, in particular, emerged as a defining issue, with the struggle for Black equality in the United States and anti-colonial movements worldwide challenging dominant power structures. Figures like Martin Luther King Jr. and Malcolm X symbolized the fight against racial injustice, while the rise of multiculturalism in Europe and other regions brought questions of immigration, assimilation, and racial diversity to the forefront of political debates.
Gender politics also gained prominence as the feminist movement pushed for equal rights, reproductive freedom, and representation in political and economic spheres. The second-wave feminism of the 1970s and 1980s, followed by third-wave and intersectional feminism in later decades, highlighted the ways in which gender intersects with race, class, and sexuality. This shift made gender a central issue in political campaigns, policy-making, and social movements. The election of women leaders like Margaret Thatcher in the UK and Angela Merkel in Germany, as well as the #MeToo movement, underscored the growing importance of gender in political discourse, though it also sparked backlash and polarization.
Religion, too, has become a pivotal axis of identity politics, often intersecting with race and gender to fuel conflict and mobilization. The rise of religious conservatism in the United States, exemplified by the Christian Right, has shaped policies on issues like abortion, LGBTQ+ rights, and education. Globally, religious identity has been weaponized in conflicts ranging from the Northern Ireland Troubles to the Israeli-Palestinian conflict and the rise of Hindu nationalism in India. The post-9/11 era further amplified the role of religion in politics, with Islamophobia and debates over immigration dominating discourse in many Western countries.
The intersection of race, gender, and religion has created complex political dynamics, often pitting identity groups against one another. For instance, debates over affirmative action, transgender rights, and religious freedom have become flashpoints in political campaigns and legislative battles. Identity politics has also influenced the rise of populist movements, with leaders like Donald Trump in the U.S. and Narendra Modi in India leveraging racial, gender, and religious anxieties to mobilize their bases. This has led to increased polarization, as political parties and movements align more closely with specific identity groups, often at the expense of broader coalition-building.
Despite its divisive aspects, identity politics has also empowered marginalized communities to challenge systemic inequalities and demand recognition. Movements like Black Lives Matter, LGBTQ+ rights campaigns, and indigenous rights struggles have brought issues of racial, gender, and religious justice to the forefront of global consciousness. However, the centrality of identity in political discourse has raised questions about the balance between group rights and universal values, as well as the potential for identity-based politics to overshadow economic and social class issues. Since 1968, the dominance of identity politics has fundamentally transformed how power is contested and negotiated, making race, gender, and religion indispensable to understanding modern political conflicts.
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Frequently asked questions
The Republican Party has dominated U.S. presidential elections since 1968, winning the majority of elections, including those of Richard Nixon, Ronald Reagan, George H.W. Bush, George W. Bush, and Donald Trump.
Neoliberalism has dominated global politics since 1968, emphasizing free-market capitalism, deregulation, and reduced government intervention, influenced by leaders like Margaret Thatcher, Ronald Reagan, and global institutions such as the IMF and World Bank.
The United States has dominated international politics since 1968, maintaining its position as a global superpower through economic, military, and cultural influence, despite challenges from emerging powers like China and shifts in global dynamics.

























