Let the way back machine roll:
The problem didn't start in the 1990s, it started in the 1980s, when Ronald Reagan — a hero of the Trump administration — was president, and neoliberal economics were first making their mark on policy. Reagan and his ilk distrusted government and believed that the private sector could make the best decisions when left on its own. You've heard about this — it's called laissez faire economics.
This ideology ultimately led to the financialization of the US corporation — the process of putting shareholders first, often at the expense of workers and consumers — and its emergence as an actor that takes resources from the economy rather than creating them. This, combined with a government zeal for lowering taxes rather than spending, means no one — not the government, and not the private sector — is investing enough in America to keep the economy strong across social classes.
In short: Government cuts and changes in how corporations operate mean American workers are getting screwed by their own government and their own employers.
www.businessinsider.com
I think Biden said he was going to fix what Reagan RUINED...us.
I would love to be a Made in America household just like we used to be.
The problem didn't start in the 1990s, it started in the 1980s, when Ronald Reagan — a hero of the Trump administration — was president, and neoliberal economics were first making their mark on policy. Reagan and his ilk distrusted government and believed that the private sector could make the best decisions when left on its own. You've heard about this — it's called laissez faire economics.
This ideology ultimately led to the financialization of the US corporation — the process of putting shareholders first, often at the expense of workers and consumers — and its emergence as an actor that takes resources from the economy rather than creating them. This, combined with a government zeal for lowering taxes rather than spending, means no one — not the government, and not the private sector — is investing enough in America to keep the economy strong across social classes.
In short: Government cuts and changes in how corporations operate mean American workers are getting screwed by their own government and their own employers.
The White House is only telling you half of the sad story of what happened to American jobs
The way White House trade council Peter Navarro tells it, America's jobs problem started in the 90s. That's not the whole story at all.
www.businessinsider.com
I think Biden said he was going to fix what Reagan RUINED...us.
I would love to be a Made in America household just like we used to be.
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