End of the Reagan Narrative?

More than any other political figure, it was Ronald Reagan who put America on its present course toward stunning income inequality and into a brave new world of deregulated industries, which were then able to exploit lax government controls to devastate the economy.

It was Reagan who experimented with “supply side economics” which held that slashing the top marginal tax rates for the rich by half or more would eliminate the federal deficit and supposedly help everyone by letting the extra money at the top trickle down.

It was Reagan who declared that “government is the problem” and convinced many middle-class Americans – especially white men – that they should despise “big government” as a threat to their liberty and trust their financial security to the kindness, wisdom and generosity of corporate chieftains.

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About Giorgio Bertini

Director at Learning Change Project - Research on society, culture, art, neuroscience, cognition, critical thinking, intelligence, creativity, autopoiesis, self-organization, rhizomes, complexity, systems, networks, leadership, sustainability, thinkers, futures ++
This entry was posted in Financial oligarchy, Neoliberalism and tagged , . Bookmark the permalink.

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