Remaking the World for Business

Michael Perelman

Chapter Chapter 5 in The Confiscation of American Prosperity, 2007, pp 59-79 from Palgrave Macmillan

Abstract: Abstract In their wildest dreams, business executives of the 1960s could have never imagined what transpired in recent decades. Political leaders no longer concern themselves with the remote possibility of a drift in the direction of socialism; instead, they now see themselves as remaking the whole world in the image of their right-wing ideals. Political leaders no longer have to concern themselves with protestors on the streets; instead, they stop at nothing to curry the favor of business. Taxes, whether levied on the wealthy or on corporations, have literally melted away, while the burden of government falls increasingly on the backs of the middle class. In fact, the first administration of George W. Bush brazenly called for tax cuts and deregulation as the answers to virtually all problems, except for those problems, real and imagined, which the administration invoked in its demands for greater monitoring and regulation of people’s personal and political behavior.

Keywords: Attorney General; Product Liability; Punitive Damage; Heritage Foundation; Reagan Administration (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-60706-4_5

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DOI: 10.1057/9780230607064_5

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