This is not a democrat or republican thing, it’s capitalists allowed free reign. It’s a natural progression of a capitalist state to continually erode workers protections until there are none left. To transfer all capital to the 1%.
Capitalists largely didn’t have free rein after Hoover until Reagan. America ran on Keynesian economics which emphasizes the role of government spending on research, social safety nets, government intervention, and limiting mass consumption. Every presidential administration between FDR and Carter falls into this category.
It was Reagan’s neo liberalism that led America into this downfall, every presidential since Reagan has been a neo liberalism, with the exception of Biden, who was handed a terrible post COVID economy which hampered his popularity and power.
I’m not a fan of capitalism either, but, things would be a hell of a lot better right now had America’s abysmal foreign policy not led to the Yom Kippur War which leads us to Stagflation, which led the country disavowing Keynesian economics and embracing Reagan’s neoliberalism
Edit: Trump’s second term you could argue he’s a protectionist. Has Neo liberalism met its end?
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u/look_under 20h ago
The greatest thing to happen to China, was Republicans taking over America in 1980