I’m sick of people saying communism didn’t account for human greed but giving Reaganomics a pass
bdrwr on
That was the point! That was the goal! Reaganomics killed American manufacturing because Chinese manufacturing is cheaper, allowing for higher profit margins for shareholders. This is the *only* moral good under neoliberalism.
spinosaurs70 on
Reagan couldn’t control the fact US manufacturing was uncompetitive with East asian manufactures, largely due to there own poor decision making and in the car industry inertia from the era where land yachts were a thing.
3 Comments
I’m sick of people saying communism didn’t account for human greed but giving Reaganomics a pass
That was the point! That was the goal! Reaganomics killed American manufacturing because Chinese manufacturing is cheaper, allowing for higher profit margins for shareholders. This is the *only* moral good under neoliberalism.
Reagan couldn’t control the fact US manufacturing was uncompetitive with East asian manufactures, largely due to there own poor decision making and in the car industry inertia from the era where land yachts were a thing.