"The argument between the children of Reagan and the children of Clinton is fierce, but ideologically, it tilts toward the right. Even after the financial crisis, the Clinton Democrats who lead their party don’t want to nationalize the banks, institute a single-payer health-care system, raise the top tax rate back to its pre-Reagan high, stop negotiating free-trade deals, launch a war on poverty, or appoint labor leaders rather than Wall Streeters to top economic posts. They want to regulate capitalism modestly. Their Reaganite Republican adversaries, by contrast, want to deregulate it radically. By pre-Reagan standards, the economic debate is taking place on the conservative side of the field. But—and this is the key point--there’s reason to believe that America’s next political generation will challenge those limits in ways that cause the leaders of both parties fits."
Posted on: Fri, 13 Sep 2013 03:49:03 +0000
Trending Topics
Recently Viewed Topics
© 2015