3 ms·
I would say it has been a bear market in social trust for quite a bit longer than Mr. Reich thinks, and for many more reasons than the one that Mr. Reich focuse
by carsongross 10y ago
I would say it has been a bear market in social trust for quite a bit longer than Mr. Reich thinks, and for many more reasons than the one that Mr. Reich focuses on.
- zzalpha 10y agoYup. I'd go all the way back to Nixon and Watergate, followed by the anti-institution rhetoric of Regan and his acolytes which served as a reaction. Mix in the junk bond scandal of the 80s and you had the groundwork laid for fundamental distrust in basic institutions like government and the banking system.
- carsongross 10y agoYou can go further than that. And wider.
- zzalpha 10y agoYou could go back as far as you want, but the bulk of voters and those in power grew up in the environment of the late 60s through to the early 80s. Their ideologies were largely shaped by events during that time (which also includes Vietnam, the Iran Contra scandal, etc).