Rosanna, the rise of inequality since Reagan was not HIS fault. That would be giving him TOO MUCH CREDIT! I truly believe that the rise of inequality came from the end of The Cold War (also NOT HIS FAULT!) When we had The Cold War, Capitalism was on it's best behavior! Everything about Capitalism HAD TO work, because we were challenged by competition with communism all throughout the world. Capitalism was not as vicious, greedy, or selfish. We had the Marshall Plan, lots of Foreign Aid, and non-zero sum economics (where my dad did his PhD) was the name of the day!
Now that the Cold War is over, Capitalism is just as greedy, selfish, deadly, and disastrous as it had been in the preceding 3,000 years. The mask is off. This is what Capitalism really is! To say that Reagan added to inequality would mean that imho, he ended the Cold War, which he absolutely DID NOT DO - economic factors in the Soviet Union ended the Cold War, along with a very progressive and friendly leader (Gorbachev) at the top, plus a few of his mistakes which caused the Berlin Wall to come down quite unexpectedly !!!
That's an interesting perspective, Don, thanks for sharing! I think we can still give Reagan quite a bit of credit for many of our current ills. My point here, anyway, is that capitalism is the main problem — especially today's unfettered capitalism.
Rosanna, the rise of inequality since Reagan was not HIS fault. That would be giving him TOO MUCH CREDIT! I truly believe that the rise of inequality came from the end of The Cold War (also NOT HIS FAULT!) When we had The Cold War, Capitalism was on it's best behavior! Everything about Capitalism HAD TO work, because we were challenged by competition with communism all throughout the world. Capitalism was not as vicious, greedy, or selfish. We had the Marshall Plan, lots of Foreign Aid, and non-zero sum economics (where my dad did his PhD) was the name of the day!
Now that the Cold War is over, Capitalism is just as greedy, selfish, deadly, and disastrous as it had been in the preceding 3,000 years. The mask is off. This is what Capitalism really is! To say that Reagan added to inequality would mean that imho, he ended the Cold War, which he absolutely DID NOT DO - economic factors in the Soviet Union ended the Cold War, along with a very progressive and friendly leader (Gorbachev) at the top, plus a few of his mistakes which caused the Berlin Wall to come down quite unexpectedly !!!
That's an interesting perspective, Don, thanks for sharing! I think we can still give Reagan quite a bit of credit for many of our current ills. My point here, anyway, is that capitalism is the main problem — especially today's unfettered capitalism.