"This kind of celebrationism was objectionable when Reagan was president, but under Clinton—this jolly man of the people—it looked different somehow. Those CEOs were just regular folks, working to make all of us richer, via our lovable pal the stock market! That’s what Clinton’s cultural function was — to make all this seem human. I called it 'market populism.'
"Of course it turned out to be a bubble, and it ended in disaster. As did the housing boom, which got its start in the late ’90s, and as will the next bubble to come down the pike. Neoliberalism may be heaven on earth for the people on top, but for the rest of us it means insecurity and lifelong debt and a constant struggle to hang on to what our parents took for granted. Nice going, Bill."
In Salon, David Daley and Thomas Frank talk about Bill Clinton's economic record.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment