this post was submitted on 04 Sep 2023
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I wouldn't have killed Regan had I gone back in time, I would've gone a bit further back and after Rockerfeller got forced to sell standard oil, I would've offed him just before he was able to use the money he gained to form Chicago University and it's dreaded Chicago school of economics.(home to the ludicrous idea that the free market will regulate itself) Which I think had even worse consequences than Reganomics, if not directly influencing it.
At the very least, it would've likely extended the 30 years worth of post Roosevelt economic prosperity that decreased wage gaps, and actively created the middle class at least a bit longer before some other rich butthole got the same or a similar idea as Rockerfeller.
It's called the University of Chicago. And yup, it continues to be a vicious pile of shit to this day, fucking over the vulnerable communities around it, providing substandard health care and sitting on a 10 billion dollar endowment that they refuse to use to either raise employee wages or lower tuition. (Fun fact: They're projected to become the first university in the country to have six-figure tuition.)
The problem isn't even free market concepts, it's the idea that you can advocate for a free market in a highly regulated country. When the definition of corporation is controlled and liability is removed from individuals you can't have a free market.