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Reagan ended the Golden years and turned the US around from worker friendly to money-friendly. The result are low taxes for income generated from pure money, high speculation, bailouts for the big corporations and the decline of the US middle class.

Many of the other "western countries" just copy this trend and get the same, just with a few years between.

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The oil crisis and recession of the 70's happened before Reagan was even on the ballots.

The oil crisis and recession of the 70s has nothing to do with the situation today, at least not directly. More important where the political decisions that where made in this time. Of course they where not all made by Reagan alone, but he was one of the major breaches.

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