Scene on Radio S7 E7: Gilded Age 2.0
90 snips
Jul 31, 2024 
Nancy MacLean, a historian focused on democracy and economic inequality, joins Edward Balleisen, an expert in regulation history, economist Brad DeLong, corporate responsibility advocate Marjorie Kelly, and policy analyst Oren Cass. They unravel how neoliberalism has shaped the perception of a rigged economy, dissecting its origins and Reagan's lasting legacy. The discussion explores labor disparities, financialization's role in wealth inequality, and the impact of globalization on American jobs, uncovering the complex threads of economic dissatisfaction in contemporary society.
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Hayek's Strategy
- Hayek believed gaining public support for free markets directly was unlikely.
- He suggested focusing on people's dislike of government overreach.
1970s Economy
- The 1970s saw high inflation, prompting calls for reduced government intervention.
- This economic climate created an opening for critiques of government oversight.
Reagan's Rise
- Reagan's rise reflected a shift from New Deal policies to free market principles.
- His focus on reducing government resonated with voters seeking change.