Tuesday, August 27, 2013

The Republican Ayn Rand Coma will continue: Ruining our economy

Over the ensuing years the Republican Party abandoned the middle class and become the party of the wealthy -- the one percent. In the '80s, Republicans fell under the spell of Reaganomics. Conservative economists infused American political discourse with three malignant notions: helping the rich get richer would inevitably help everyone else; markets were inherently self correcting; and, "government is not the solution to our problems; government is the problem." Reagan's ideology produced deregulation, tax cuts for the rich and powerful, and monopoly capitalism. It resulted in unprecedented income inequality. The American ethos changed from "we're in this together" ("I am my brother's keeper") to "you are on your own."

http://www.alternet.org/economy/ayn-rand-and-republicans?akid=10851.294211.nWAKwv&rd=1&src=newsletter887898&t=7

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