Mink Coats Don't Trickle Down: The Economic Attack on Women and People of Color

Mink Coats Don't Trickle Down: The Economic Attack on Women and People of Color

Mink Coats Don't Trickle Down: The Economic Attack on Women and People of Color

Mink Coats Don't Trickle Down: The Economic Attack on Women and People of Color

Synopsis

Provides activists, academics and students with tools and facts to understand the effects of conservative economic policies.

Excerpt

Eight years of Ronald Reagan and the triumph of conservative economic policies have changed the American people and the U.S. economy. Trickle-down economics with its emphasis on military spending, borrowing from the future, and cutting social services has left the domestic economy and the majority of workers and families defense‐ less. Roads go unbuilt; hospital beds lie empty waiting for the rich while the poor and uninsured wait in the lobbies below; teachers teach without books in run-down schools; and across the nation more and more people live on the streets.

The recent revival of free-market orthodoxy represents a deliberate attempt to dismantle the economic order which emerged from the Great Depression and World War II. When the postwar boom ended in the early 1970s, conservative economists and business interests mounted an attack on the legacy of the New Deal and Great Society. Since 1979, the architects of a new economic reaction—at the Federal Reserve Board, in conservative think tanks, and since 1981 in the Oval Office—have dedicated themselves to the task of turning back the clock.

• Economic Policies of the Rich and Famous

Reagan's philosophy and strategy rest on three primary pillars. The first is the belief that throwing money at the rich and into the hands of big business is the key to economic growth and investment. This is called "supply-side" or "trickle-down" economics. The second is a concerted policy to "spend and borrow" in order to fund a military complex and pare away resources from social and human investments. The last pillar of the conservative agenda is free-market rhetoric which . . .

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.