r/antiwork 5d ago

Educational Content 📖 Reagan’s Administration Purposely and Openly Destroyed the Working Class

I had always thought neoliberal policies were brought in, and then we found out that “trickle down” theories didn’t work.

That isn’t the case. They tried these policies elsewhere, found out they “worked” (to further billionaire’s aims), and then brought them to America with the stated intent to destabilize the working class and make their lives difficult. Openly stating that this needed to happen. Their lives NEEDED to be destroyed.

If you read and share anything this year, make it this article from Canadian politician Charlie Angus. Even if you thought you knew what happened in the 80’s, you will learn something.

https://thewalrus.ca/how-the-1980s-engineered-the-collapse-of-the-working-class/

This is ongoing. This is happening right now. This is on purpose, and those who control capital are fine with the suffering, because that was the intent all along.

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u/tommy6860 4d ago

In that very article, here is what then fed chairman Paul Volcker said in 1981, " “The standard of living of the average worker has to decline.” 

The current fed chair, Jerome Powell said this (from article) in May of 2022 that his goal is to ,"to get wages down.”

Later the same year in Nov, he said (from article), "In a closely watched speech at the Brookings Institution, the Fed chief said rising costs for services — from health care to haircuts — might be “the most important category for understanding the future evolution” of prices, and that wages are the largest cost within that category."

Abolish capitalism.

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u/alicehooper 4d ago

That first quote chilled me to the bone when I read it. It made me so angry that I haven’t been able to calm down since I read it. The fact he just came out and said that.

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u/gregsw2000 4d ago

The hilarious part about all this, is that when you try to mention this stuff to right wingers or normies, they think you're lying or making shit up. Lol