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Robert Chernomas and Ian Hudson, "Why America Didn't Become Great Again" (Routledge, 2025)

Jul 2, 2025
In this engaging conversation, Robert Chernomas, a Professor of Economics at the University of Manitoba, and Ian Hudson, Head of the Department of Economics there, delve into their book exploring America's systemic barriers to greatness. They analyze historical shifts from post-WWII prosperity to the rise of neoliberalism, scrutinizing the Powell Memo's role in amplifying corporate influence. The pair critique past administrations, discussing how policies have contributed to increasing inequality and advocating for grassroots movements to challenge these entrenched dynamics.
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INSIGHT

Business Class's Deliberate Agenda

  • The business class launched a deliberate, organized political and economic agenda since the 1970s.
  • This shift led to growing inequality and a political climate favoring corporate power over the majority.
INSIGHT

The Powell Memo's Impact

  • The 1971 Powell Memo called U.S. business to mobilize against growing political hostility.
  • It spurred corporations to fund think tanks and political campaigns to reshape policies favoring their profits.
INSIGHT

Corporate Influence on Politics

  • Corporate organizations like the Business Roundtable and ALEC played key roles in redirecting U.S. policies.
  • Media and economists also framed the issues through a business class lens, restricting challenges to corporate dominance.
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