#reagonomics — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #reagonomics, aggregated by home.social.
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« In 1985, the COTI stood at 30 — the median male worker needed thirty weeks of income to afford a house, a car, health care, and education. By 2018, the COTI had increased to 53—a full-time job was insufficient to afford these items, let alone the others that a family needs. A generation ago, the worker could be confident in his ability to provide his family not only with the basics of food, clothing, and shelter, but also with the middle-class essentials of a house, a car, health care, and education. Now he cannot. »
https://americanaffairsjournal.org/2020/02/the-cost-of-thriving/
#Inflation #CostOfLiving #CostOfThriving #Reagonomics #TrickleDownFallacy
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👉 #MAGA is the economic perversion of #Reagonomics👈
*#Reagan's 1987 Radio Address to the Nation on Free and Fair Trade*
(8/10)
...#RonaldReagan's trade policy with #DonaldTrump's stance on #Tariffs:
"I love tariffs. Most beautiful word, but I'm not allowed to say that anymore. Tariff is my favourite word. I love the word tariff. We're becoming rich as hell..."
speaking at the Marine Corps Base in #Quantico.
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Source:https://www.reaganlibrary.gov/archives/speech/radio-address-nation-free-and-fair-trade-4
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👉 #MAGA is the economic perversion of #Reagonomics👈
*#Reagan's 1987 Radio Address to the Nation on Free and Fair Trade*
(7/n)
...and higher #TradeBarriers, and less and less competition. 👈 So, soon, because of the prices made artificially high by tariffs that subsidize inefficiency and poor management, people stop buying.
👉 Then the worst happens: Markets shrink and collapse; businesses and industries shut down; and millions of people lose their jobs.👈 ..."
Contrast...
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4/
#Wirtschaftsnobelpreis|träger #JamesBuchanan:https://mastodon.social/@HistoPol/112598555451884508
Die damals gesähten Samen gingen auf in #Reagonomics
(https://mastodon.social/@HistoPol/109730219700294592) und kulminierten schließlich in #CitizensUnitedVsFEC, den #Trump-Präsidentschaften, sowie der jahrzehntelang geplanten Übernahme des Obersten Gerichtshofs der #USA. Damals wurde die finale(?) Verwandlung des #AmericanExperiments in eine #Plutokratie (du klassifizierst das anders) zementiert (b. a. w.):https://mastodon.social/@HistoPol/110856116616631495
Also,
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#Economics
#Neoliberalism
#JamesBuchanan(1/n)
You are quite right in your assesment, Mina, though you focus on the 1 of 3 #neoliberal
strands that is the pillar of #Reagonomics and #Trumpism, #Buchanan's #VirginiaSchool:"...unlike even the most property-friendly founders #AlexanderHamilton and #JamesMadison, 👉#Buchanan wanted a private governing elite of corporate power that was wholly released from public accountability.👈" 1)
@number6
@fosstodon.org -
Good article from The Walrus. I am a subscriber and if you can they could use donations subscribers etc.
https://thewalrus.ca/how-the-1980s-engineered-the-collapse-of-the-working-class/
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@GottaLaff @theintercept @ThomHartmann
#USpol #FreeSpeech #Republicanism #Reagonomics #MAGA
(2/2)
...inflicted on this country for the past 43 years:"
https://mastodon.social/@HistoPol/112875414830140318.
For those asking how long this #Republican strategy that led up to #Reaganomics and the #MAGA movement had been going on, I would like to point out this important thread:
https://mastodon.social/@HistoPol/112598555451884508
//
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...particular.
It is an open secret that #QLoon and most of the other #US #billionaires do not want to go back to the 20th century income-tax rates of 60 to 90, topped with a wealth tax at times.
#Reagonomics kept people in poverty, busy earning a living. Educated people do not tend to vote for the #GQP, which secures low tax rates for them.
#ItIsAllInterconnectedI have written many threads citing the sources on the #BirdSite and on...
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@ThomHartmann
(2/4)
..but the assumptions otherwise sound plausible OFC, now limited to the #US in geography.This report fits in with my #thread on the detrimental strategy of #Reagonomics regarding college education
https://mastodon.social/@HistoPol/109730219700294592Of course the pompous #GreatReplacementTheory (#GRT), though the term was coined by French conspiracy novelist, #RenaudCamus, in his 2011 novel "Le Grand #Remplacement", dates back to the works of two other #French intellectuals from the 19th century,..
