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Mon, January 6, 2025
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Jimmy Carter's Ruinous Neoliberal Legacy

Jimmy Carter's Ruinous Neoliberal Legacy


Published on 2025-01-06 14:41:16 - MSN
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  • As our president-elect shouts demands and vows revenge against anyone who irritates him, left or right, the media's hagiographies of Jimmy Carter surely reflect a collective longing for what was a more decent,

The article from MSN, titled "Jimmy Carter's Ruinous Neoliberal Legacy," critiques former U.S. President Jimmy Carter's economic policies, arguing that they laid the groundwork for the neoliberal economic framework that has dominated American politics since. It discusses how Carter, often remembered for his humanitarian efforts and personal integrity, implemented policies that deregulated key industries like airlines, trucking, and banking, which the author claims led to increased economic inequality and weakened labor unions. The piece highlights Carter's appointment of Paul Volcker as Federal Reserve Chairman, whose aggressive interest rate hikes to combat inflation are portrayed as detrimental to the working class. Furthermore, the article suggests that Carter's shift towards deregulation and market-driven policies set a precedent for future administrations, particularly Reagan's, to further dismantle New Deal-era regulations, thereby exacerbating economic disparities and contributing to the decline of the American middle class.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/jimmy-carter-s-ruinous-neoliberal-legacy/ar-AA1x3Ifm ]
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