Background Briefing with Ian Masters cover image

October 1, 2023 - Scott Horton | Sasha Abramsky | Astra Taylor

Background Briefing with Ian Masters

00:00

Reagan's Legacy: Debt-Based Economy and Material Insecurity

This chapter explores the least understood legacies of Reagan, specifically his impact on wages and the economy. It discusses how Reagan's policies changed the economy from a savings-based one to a debt-based one, leading to widespread material insecurity and a large wealth gap. The chapter also highlights the role of debt as a tool of profit, social control, and racial domination throughout history.

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