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Comment by fcarraldo | Hacker News Reader

> Ronald Reagan fostered competition across much of the American economy. > A similar transformation is needed today.

Reaganomics is the cause, not solution to, today’s capitalism crisis.

That is a bold large-ish declaration. Would you be kind enough to define: 1) Today's capitalism crisis, and 2) Reagonomics' role in being the cause instead of the cure?

Thanks so very much.

I found some documentary footage from the era that I think explained this quite well - https://www.youtube.com/watch?v=2NrWX-FsXgQ

Nice clip. I'm sorry that I don't find it compelling for the purpose of answering the question as asked. Maybe you went to a different logic school.

I got kicked out for abduction.

At least you're funny. (And, no, I have not downvoted you)

Personally I'm amazed that people appear to like the cheap shot I made with the spitting image clip, but hate the formal logic joke.

These downvotes are unfortunate given this statement is objectively true.

I didn't downvote the person, but I did ask for clarification and got downvoted.

Can you explain your claim 'objectively true'? There are too many non-concrete nouns running around for me to be able to keep track of...

I'm sorry but I don't think the 80s are really something that can be explained to someone that didn't live through them, which I assume you didn't, otherwise you wouldn't be asking for clarification on Reaganomics.

I loved the 80s so much more than the 70s, so I'm not sure where you are coming from.

EDIT: I did remove an insult from an earlier draft of an earlier comment that you were probably a kid (as most people here are) that didn't remember the 80s. Since you are apparently not, my question still stands. (I don't have a pin-up of Margaret Thatcher any more, though...)

I think the downvotes are coming from the lack of context accompanying the GP’s bold statements.

Not sure what's expected here. I mean, this is hardly the format for 20 page dissertations on lived history. I'm guessing these downvotes are coming from folks that are missing context because they're in their 20's and don't actually know anything about Reaganomics, what was proposed vs what the actual observed outcomes were, etc.

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