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Today Reagan’s defenders credit him with having prepared the country for the competitive conditions of the global economy. He did, but that was no part of his vision. A former spokesman for General Electric, Reagan did not win two elections by promising to close more plants, outsource more jobs, and lay off more industrial workers. The Reagan administration, according to his aide William A. Niskanen, erected “more trade barriers than any administration since Hoover.” Reagan’s critics, for their part, saw a redistribution from the poor to the rich. That may have been a long-term consequence, ...more
The Age of Entitlement: America Since the Sixties
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