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this post was submitted on 12 Dec 2025
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Rant
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Blame Reagan.
A big part of deregulating banks back in the 1980s was shifting away from expensive manufacturing to cheap financial services. Instead of investing in bringing US factories back, Reagan's polices sent the actual work overseas and left management here.
And dodge brothers vs Ford forcing corps to only be for shareholders value
https://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co
And MAGAs will say Trump will fix this with the tariffs.
No, they'll tell you he already fixed it...
You get that when deregulating one area at the expense of even further strangling others with regulations (a regulation keeping an oligopoly or a protectionist one is still regulation).
BTW, the most common visible problem of libertarian models. They get the absolutes right, but ignore the relative. This means that those following them ignore transient processes, and the model breaks halfway.
Because Regan was the President of China when capitalism was enshrined.🙄
Regan
Ronald Reagan was President of the US from 1981 until January, 1989.
I tried to find information on the President of China in 1750 AD. Nothing came up.
So Regan created capitalism⸮
Well, at least I taught you one thing. Puts me ahead of your teachers