this post was submitted on 24 Nov 2024
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I'm continually shocked by how often I learn of some structural systemic issue, pull the thread to see where it started and- oh, surprise, it was once again Reagan.
It's no coincidence that Reagan and Margaret Thatcher had such a close relationship - they thought alike.
In Britain, Thatcher is still reviled by many for sweeping changes. Killed the coal industry without giving support to the many thousands employed there and put the North into recession, took milk away from children, depowered the unions (which were too powerful at the time, tbf) and generally put the Tory Party on the London & Banks first mantra that they've been on ever since.
Most of Reagan's agenda came from the heritage foundation: https://www.youtube.com/watch?v=8eeCPRD0Hgg&t=0
The capital class controls the heritage foundation and through their countless think tanks, lobbyist, donations, SuperPACs, etc they control the Republican party and even a large part of the Democratic party.
Marx was correct when he argued that economic democracy was necessary for political democracy. When the wealthy get to own the economy they have the entire country by the balls.
Funnily enough even Adam Smith warned about that even before capitalism went in full swing.
Adam Smith: you gotta bust up monopolies because competition drive's innovation
the rich: you heard the man! all the wealth has to be consolidated with us! greed is good!