『Voodoo Economics: Economic Recovery, Reaganomics, and the Widening Wealth Gap in America』のカバーアート

Voodoo Economics: Economic Recovery, Reaganomics, and the Widening Wealth Gap in America

Voodoo Economics: Economic Recovery, Reaganomics, and the Widening Wealth Gap in America

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 Episode 29 explores the early years of the Reagan presidency, especially with respect to the president's attempt to bring the economy back. What came to be known as Reaganomics involved cutting taxes at the top so that capital might "trickle down" to the grassroots of the American economy. Pettengill notes that, either directly or indirectly, Reaganomics was deeply problematic for the American working class. In ways it contributed to the continued erosion of blue-collar jobs. Organized labor's responded by resorting to economic nationalism. The idea of "buy American" ultimately failed to address the crisis for working Americans and contributed to the further divisions in the ranks of the labor movement.

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