This welfare state model was developed with great success during the three decades after World War II, especially in Northern Europe, but also, in weaker but significant forms, in other countries (including some in the Global South). However, since the 1980s, this model has been in significant retreat, or even in crisis. Wealth and income inequality have been increasing dramatically during this time (Piketty 2014; O’Neill 2017). The financial sector has become extremely powerful and able largely