The globalization euphoria waned with the 1997 Asian crisis. The policy of the IMF and the World Bank met with massive criticism and public protests in the global South in the 1980s. Hundreds of billions were needed to bailout bankrupt banks. The US could become indebted in its own currency.
Those investigating Kavanaugh's record have found that he a Bush operative and invader of the private life of Bill Clinton worked to divert public funds to private schools and to cap 911 victim family payments at $500,000.
Market ideology has been on the rise since the 1980s. Only a few voices warned of the risks and instability of the liberalized financial markets. After they profited from the generous bailout packages, the banks began to speculate against the most indebted countries