In the reality of international monopolist competition, narrow economic profit interests dominate to the disadvantage of broad prosperity gains. Protection of foreign mega-investors before indirect expropriation leads to a dispossession of nation state democracy. The losers are employees, consumers, the environment and the public sector.
Ignorance and ideology replaced facts and economic fairness under Reagan. Reagan appealed to the Laffer curve and argued tax cuts would bring higher revenues. He confused investment and speculation, SROs and SUVs, militarism and security and held the self-healing market was the panacea and the government was the problem,