Click here for a Substack article by Robert Reich, Bill Clinton's labor minister and leftist economist, entitled "Why America forgot about economic power," subtitled "We adopted Kenesianism -- which worked for a time."
Several of you have asked me why America went so quietly from democratic capitalism — the economic organization that dominated American life from 1933 through the late 1970s — to the corporate capitalism that has dominated it since the Reagan administration and that Joe Biden is starting to reverse.
The answer has a lot to do with Keynesianism. It removed the issue of economic power from American politics, along with the struggle between capital and labor.
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