Tag Archives: Reagan

Neo-liberalism: How we got in this mess

I wouldn’t say “It’s all Reagan’s fault.” Every president since Reagan has embraced the neo-liberal project. Bill Clinton did plenty of damage while he was president embracing the project and betraying the working people of America he was supposed to support–being a Democrat and all. He’s the guy who signed off on the dismantling the Glass-Steagall Act and helped create NAFTA and CAFTA. Still, one could go back to find the smoking gun–Lewis Powell’s 1971 Memorandum, but whoever you want to blame, neo-liberalism has been here for over thirty-five years and it doesn’t look like it’s leaving anytime soon. Here’s an excellent history lesson from Professor Richard Wolff explaining the whole corrupt mess.