The Republican party has become the party of greed and wealth, and it has never been more clear.
By the early 1980’s the GOP had changed. Ronald Reagan embraced an ideology now known as neoliberalism and with the emergence of the tea- party, Republicans have doubled down on this ideology.
Neoliberalism is an economic approach that suggests that the entire framework constructed under the New Deal is wrong. It is based on the powerful myth that the so called “free market” is the solution to every economic problem. Government “interference” as neoliberals call it, throws the free market off balance.
At their core, Republicans believe in the removal of all obstacles to the accumulation of maximum profits. They promote deregulation (including environmental deregulation), casualization (the weakening of the core workforce and larger use of a contingent workforce), privatization, free trade, the elimination of labor unions and the elimination of the concept of the common or public good. In each case Republicans argue that they seek to remove unnecessary, wasteful, unproductive obstacles to economic vitality.
Since Reagan and the rise of neoliberalism, a change has taken place; the living standards of the average U.S. Working person have dropped, it didn’t take place all at once, and at least in the initial stages didn’t seem to be necessarily permanent. However, as each layer was removed, we came to accept this decline as inevitable.
I understand how some working people have been fooled into believing this malarkey. The GOP and their corporate elitist friends, along with the corporate media have spent much time and money to try to convince us that they are looking out for our best interests. But, make no mistake the Republican party of today wants to destroy Social Security, Medicare, Medicaid, Food Stamps and even Public Television. They say that these programs cannot be sustained, that the country can’t afford them.
Yet CEO pay has skyrocketed from 42 times the average blue collar worker’s pay in 1980 to 343 times in 2010. The nation’s federal revenue from corporate income tax has dropped to one sixth of what it was in the 1950’s. Corporate taxes fell from 26.4 percent in 1950 to just 7.4 percent of total tax revenue in 2010, and Republicans want to give them even more!! How any working American can support Republicans and their elitist ideology is beyond me.