Paul Jay from the Real News Network is joined by James Crotty, professor emeritus at the University of Massachusetts, to discuss the historic crossroads in the battle over how much of what's created is divided between [the] rich and everyday workers. They also talk about the support of the social safety net and fight for democracy.
"The Taft-Hartley was one of the first serious recognitions that there was resistance in the business community, at least parts of the business community, to this compromise, which led to the modern United States of America.
Moving forward into the 1980s and Ronald Reagan and the triumph of conservatism. So this is the business folks, the rich folks, the billionaires who thought that they had lost with this regulation and tax system and kind of a social democracy [snip] helped prepare the grounds for Reagan to be elected. And Reagan then represented the rollback of the achievements of the working and middle class after the war. So we had deregulation."
Excerpts from the interview of James Crotty. REAL news Network.com