• kibiz0r@midwest.social
    link
    fedilink
    English
    arrow-up
    16
    ·
    1 year ago

    There are pretty substantial ghouls that preceded Reaganomics: chartered monopolies, anonymous transferable shares of companies (thinking Dutch East India Company here), prohibition of local currencies, central banking, labor theory of property

    And that succeeded Reaganomics: Chokepoint capitalism, evergreen IP, the gig economy

    Yes, in a proximate sense, specifically in the US, Reagan broke a lot of dams that were holding back the most calamitous floods that were poised to drown us… but he didn’t fill them with water in the first place.

    • HubertManne@kbin.social
      link
      fedilink
      arrow-up
      4
      ·
      1 year ago

      yeah I was going to say not to forget nixon but reagan was really a turning point but so is trump now. pre/post wise I feel trump is worse but that just might be the bias of how adjacent it is currently.